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Power of attorney abuse: What you can do about it

Power of attorney abuse: What you can do about it

A financial power of attorney — sometimes called a “power of attorney for property” or a “general power of attorney” — can be a valuable estate planning tool. The main disadvantage is that it’s susceptible to abuse by scam artists, dishonest caretakers or greedy relatives. If you or a family member plans to execute a power of attorney, there are steps you can take to minimize the risk of abuse.
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