The person authorizing the action is deemed the Principal (grantor), and the person authorized to act is the Agent (Attorney-in-Fact, or any competent adult). It is the creation of fiduciary relationship between an Agent and Principal, where the Agent must be completely honest and loyal to the wishes of the Principal in their dealings. If any of the above reasons apply to your situation, you should execute POA. Additionally, if any of the above situations were to occur, your family members would have to proceed to court in order to gain permission so that they could act on your behalf to carry out specific transactions.
Power of Attorney | Atlanta Estate Planning Lawyer Thomas E. Raines, PC
https://www.traineslaw.com/practice-areas/estate-p…
…