• Blog Post

    Seven Rules for Being an Attorney-In-Fact

              Your aging parents just appointed you as their attorney-in-fact– now what? It is important to keep in mind a few simple rules to stay within the bounds of the law.   Rule #1: Act in the principal’s best interests.             The principal is the person that appoints the attorney-in-fact and specifies the financial authority they possess.  Acting in the principal’s best interest is the golden rule of being an attorney-in-fact.  For every situation in which you may exercise your rights in that capacity, ask yourself these three (3) questions:   Is taking this action in the best interest of the…