Glossary
Power of Attorney
Authority to act legally on behalf of another person. Rarely needed in an honest sale; a red flag when a buyer requests it.
A power of attorney is the instrument through which much elder financial exploitation occurs. A new POA appearing suddenly in connection with a home sale, particularly one urged by a helper, requires review by an elder-law attorney before it is signed.
Read more in the Field Guide:
- Selling a Senior's or Older Parent's Home, Senior Transition
Want a plain-language review of your situation?
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