 Willmakers beware. Say you’ve given a daughter a legal-form power of attorney. They think you’re declining physically and mentally after the death of your much-loved spouse. What do you think they’d do? Move you up the list for a
space in a facility? Think that an easy-to-manage one-bedroom unit, after you’ve lived your life in a house, would be in your best interests? Take you to the bank for a bank PoA to make things easier to manage? Let them cash in your investments to support you? These are, of course, trick questions, because it all depends. Listen to this cautionary interview with Kerry Cathers about PoA pitfalls. Although a sad tale, it has a happier ending and practical recommendations. It could be the most worthwhile 22 minutes you spend this week.
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