Power of attorney responsibilities are set out in the legal document that created the power of attorney itself. There are two general areas in which power of attorney responsibilities exist: medical and financial.
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The person who receives the power of attorney is the agent. The person on whose behalf she acts is the granter.
Fiduciary duty is the fundamental responsibility. In her capacity as agent, the person granted power of attorney must always act honestly and solely in the interest of the granter.
In a financial power of attorney, common agent responsibilities include dealing with accounts, paying certain bills on behalf of granter and taking care of tax issues.
In a medical power of attorney, the agent's main responsibilities involve making medical decisions on behalf of the granter should he become incapacitated.
Another of the power of attorney responsibilities is record-keeping. This is both for the benefit of the granter and to protect the agent in regard to decisions he makes on behalf of the granter.
If a power of attorney is terminated, the agent has the responsibility to surrender all materials associated with dealing with the affairs of the granter, including the original power of attorney document.
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