Estate Planning

Power of Attorney

Definition

What is Power of Attorney?

Legal authority allowing one person to act on another's behalf.

Example in practice

An enduring power of attorney permits account management during incapacity.

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The property, investments, rights, and obligations left by a person at death.

Arranging ownership, beneficiaries, documents, and taxes for incapacity or death.

A legal document directing how a person's estate should be handled after death.

The tendency to feel losses more strongly than equivalent gains.

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