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A power of attorney is used to delegate legal authority to some other person. The principal (the individual granting the energy of attorney) gives the agent, also known as the attorney-in-fact, the authority to make appropriate choices on his/her behalf, including real-estate, handling bank accounts, and other assets. The prospect of fraud exists in most power of attorney design, through self dealing, embezzlement, and illegal gifting. In some situations, an electric of attorney holder may significantly diminish an estate, making the heirs of the main with little or no inheritance. Different ways in which a power of attorney may be abused contain changing beneficiary designations on life insurance or annuities, and opening bank accounts with combined name or pay on death provisions in support of the agent. The creation of a power of attorney can be questioned underneath the grounds of insufficient capacity or that proper formalities were not followed by the creation. If a validly given power of attorney has been abused by the agent, grounds may possibly exist to sue the agent for the return of embezzled property or for monetary damages. Identify more on our favorite related paper by visiting  [http://www.vegaacosta.com/family-law.html family law manhattan ks] . If the principal remains living at the time of the action, the agent can be sued by the principal immediately. Identify extra resources on our affiliated portfolio - Hit this webpage:  [http://www.vegaacosta.com/family-law.html read family divorce lawyer] . In several circumstances, the ability of attorney abuse is part of a wider sample of elder abuse. Learn further on a related use with by going to  [http://www.vegaacosta.com/family-law.html click] . If the principal has passed on by the time the energy of attorney abuse has been discovered, the principal's estate or the intended recipients of the home might be ready to sue the agent for breach of fiduciary duty, tortious interference with estate planning, or several of other causes of action. As a result of potential for abuse with an electrical of attorney, their use should be limited. To explore additional info, consider peeping at:  [http://www.vegaacosta.com/family-law.html child support attorney junction city ks] . The instrument will be left by many persons creating a power of attorney with the drafting attorney until the circumstances initiating the activation of the power have already been induced, such as for instance the inability of the principal.Vega Acosta Law Firm Chartered 630 Humboldt St Suite 110 Manhattan KS 66502