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Frequently Asked Questions (FAQ’s)

Questions Answered By Wik-Attorney

Updated 2 February 2023 · 3 min read

Here are some questions that are answered in this Wiki:-

• Can a corporation create a Power of Attorney or be an agent?
• Can different tasks, variously be allocated, to different agents?
• Could a condition prevent a sibling-in-law being an agent if they divorce?
• Could a limitation mean transactions over $10,000 are performed by two agents?
• Can remuneration and expenses be conferred by someone else?
• What officeholders can be appointed under a Power of Attorney**?**
• What are common types of Power of Attorney**?**
• What types of officeholders can be appointed under a Power of Attorney**?**
• What kind of tasks can an agent be authorized to perform under a Power of Attorney**?**
• Can different tasks be allocated to different agents?
• What are the differences in the legislation of the Six (6) Greater States?
• What is a monitor under the laws of New York?
• Is it true that in Pennsylvania, a protector must be an agent, unlike California, Texas and Illinois where anyone can be appointed as a protector?
• What are the features of a better Power of Attorney**?**
• Can you create a springing Power of Attorney in Florida?
• Do conditions control the appointment of agents?
• What is a class condition?
• What are key events in the life of a Power of Attorney**?**
• What are the advantages of using a Power of Attorney**?**
• What are the consequences of creating a Power of Attorney**?**
• Can you vary the rights of third parties in a Power of Attorney**?**
• How is a Power of Attorney different from other legal instruments?
• How do the entitlements of an agent work in the Six (6) Greater States?
• Does the legislation in the Six (6) Greater States exonerate agents who act in good faith from liability?
• Does the legislation in the Six (6) Greater States impose liability upon agents to pay damages in certain situations?
• Are there special remedies available in respect of a Power of Attorney**?**
• What are the core features of a Power of Attorney**?**
• In Florida and California, can you include non-commercial tasks in a predominantly commercial Power of Attorney**?**
• What is the difference between term of authority, term of appointment and term of a Power of Attorney**?**
• What is a durable Power of Attorney**?**
• What are the mandatory requirements for a Power of Attorney**?**
• What are some ideas that might be useful when creating a Power of Attorney**?**
• What documents might be created at the same time as a Power of Attorney**?**
• What documents might be created after a Power of Attorney is created?
• Whether the principal may grant general authority?
• Whether a Power of Attorney may be created that becomes effective at a later point in time?
• What entitlements does an agent have to remuneration?
• What duties are imposed upon agents?
• Whether a third party is obliged to deal with an agent?
• What classes of officeholders may be appointed?
• Whether an agent must sign the Power of Attorney**?**
• Whether an agent may delegate their authority?