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04-09-2009, 10:45am
The way I understand it Heidi is pretty much what CJ said, but in many cases you will need to make decisions.
The POE gives you total control over the assets of the individual. Usually it includes a statement that the POE is only enforced when the individual becomes totally incapacitated & unable to make decisions for themselves.
So it then falls back on you to make ALL decisions on this persons behalf. Everything, including legel decisions.
It usually involves being execetor of the Will as well.
Everytime my parents go overseas (they are in their 80's) they make me POE for them for the duration of their trip. Just incase something happens to them while they are away.
The POE gives you total control over the assets of the individual. Usually it includes a statement that the POE is only enforced when the individual becomes totally incapacitated & unable to make decisions for themselves.
So it then falls back on you to make ALL decisions on this persons behalf. Everything, including legel decisions.
It usually involves being execetor of the Will as well.
Everytime my parents go overseas (they are in their 80's) they make me POE for them for the duration of their trip. Just incase something happens to them while they are away.