Powers of Attorney- Part 6

Is your Power of Attorney Fresh?

The power of attorney theme for the blog continues this week with an additional tip to ensure the effectiveness of your document. I recommend "freshening" your power of attorney every three to five years. By freshen, I mean execute a new document, even if it contains the same terms and provisions as your existing document. A power of attorney with a more recent date is less likely to be questioned when you put it to use. If you document is decades old, yellow and full of coffee rings, then a bank or financial institution might think twice about accepting it.