Article on Financial Powers of Attorney

Jennifer D. Odom, Letitia A. McDonald, & Brian M. Underwood, Jr. recently published an Article entitled, Financial Powers of Attorney: Increased Oversight by States and Banks to Prevent Abuse, November/December Probate & Property (2016). Provided below is an abstract of the Article:

This article provides an overview of the law governing powers of attorney in the United States, summarizes current legislative trends, identifies the common standards of care that agents or attorneys-in-fact owe to their principals, explains the uses of powers of attorney, discusses common pitfalls associated with powers of attorney, and evaluates the legality of refusing to accept acknowledged powers of attorney.