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technique
Power of Attorney
Last discussed Aug 26, 2026
A legal document granting an appointed agent (often an adult child) the authority to manage financial and legal affairs on behalf of another person, creating a fiduciary relationship.
Recently discussed in
Medicaid Planning For Long-Term Care And Its Ethical Implications For Advisors, With David Haughton
David Haughton · Aug 26, 2026
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DH
David Haughton
mentioned
Used for: Enabling a named fiduciary to conduct Medicaid planning, including liquidating assets, transferring to a spouse, and opening annuities, when the principal can no longer manage their own affairs
Praised: Provides legal authority for a fiduciary to act on the principal's behalf dur...
"You want to make sure that their power of attorney or their trust or wherever their assets are located, that they have a fiduciary available — whether it's their trustee or their power of attorney — who actually has the power to do Medicaid planni..."
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