Sunday, December 12, 2010
Responsibilities of the authority
Proxy responsibilities are set out in the legal document that created the proxy. There are two areas in which proxy responsibility: medical and financial. ParticipantsThe person receives the power of Attorney of the agent. The person for which it is the duty of grantor.Fiduciary DutyFiduciary, is the basic responsibility. In his capacity as agent issued person will, power of Attorney must be always honest and on behalf of the DealingsIn grantor.Financial solely a financial authority, common agent tasks include dealing with accounts to pay some bills on behalf of the licensor and maintaining tax issues.Medical one influence medical power of Attorney, main tasks include agent medical decisions for the grantor will continue .Record KeepingAnother proxy responsibilities is required. This is to protect Licensor and agents is decisions for both, which makes complete it on the grantor.TerminationIf a power of Attorney, the agent has a responsibility, all materials, pursuit of the activities of the qualifying including attorney assigned to leave the original of the document.
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