WHY YOU NEED A POWER OF ATTORNEY.

If you suspect an individual who has your power of attorney may make decisions that aren't in your best interest, you can revoke the agent's authority as long as you're mentally competent. Some banks and brokerage firms use their own power-of-attorney form, or they may not honor a power of attorney unless certain conditions are met. Once you've selected your agent (or agents), you can have an estate attorney draft a form identifying the kind of power of attorney that individual will have. [Extracted from the article]

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