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Inasmuch as human being becomes busier, it becomes more necessary for him to
depend on others for getting his things done. Owing to this reason, the power
of attorney is now playing vital role.”
In the hands of someone
trustworthy, a power of attorney can be an important tool to manage the
finances of an elder who has become permanently or temporarily unable to handle
financial affairs. But, in the hands of a financial predator or a greedy family
member, a power of attorney can be used to secretly steal money and assets,
readily bypassing the normal safeguards that are employed by financial
institutions.
