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How to assign power of attorney without sparking a family feud

Offit Kurman Estate Planning Attorney Quoted by Considerable

Originally Published by Considerable 

July 10, 2019 | Tysons Corner, VA  Having joint power of attorney between two siblings is also an option families can explore.

An estate planning attorney at Offit Kurman explained: “A principal could appoint two or more agents. The agents would either have to act jointly (both agents have to agree in order to act) or independently (each agent has full authority to act alone).”

This option may lessen the chances for jealousy and mistrust within the family, but can also prolong and complicate decision-making. And it creates the possibility that the siblings simply cannot agree on something and an important decision remains gridlocked indefinitely.

Whether one individual or more are entrusted with power of attorney, communication and transparency are the most important factors in avoiding painful disputes among family members.

 

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