Daniel G. Fish, a principal in Daniel G. Fish LLC, reviews the overhaul of the power of attorney statute. The most important changes restrict gift giving, increase the legal responsibility of the agent, enhance acceptance by third parties, create a new cause of action and extend coverage to medical records, but the most profound practical effect of the new statute is the possibility that the power of attorney has become so complicated that it can only be executed under the supervision of an attorney.
February 24, 2009 at 12:00 AM
1 minute read
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