A financial power of attorney may be one of the most powerful—and dangerous—documents a person can sign.
Attorneys Kirsten Hildebrand and Matt Kaplan explain how these documents can give an agent immediate access to bank accounts, real estate, investments and other financial matters. They share cautionary examples involving financial exploitation, self-dealing, questionable life insurance policies and family members who were left facing expensive guardianship proceedings. The conversation also explores trusts, Medicaid planning, digital assets, record-keeping requirements and why a well-written document should clearly define an agent’s authority and limitations.
Learn more about Hildebrand Law Firm on their website.
Listen to more episodes of Legally Speaking with Kirsten Hildebrand at WTMJ.com.
