With Great Power (of Attorney) Comes Great Responsibility

Private Wealth Services attorney Zach Johnson authored an article published in the Daily Journal examining the complexities and potential legal disputes surrounding powers of attorney. The article explores various scenarios where litigation risks may arise, including issues with document formation, the exercise of agent powers and relationships with third parties. Mr. Johnson compares the laws regulating powers of attorney to those governing trustees, noting that while both serve important roles in managing affairs, power of attorney laws may offer fewer enforcement options. He suggests that as litigation in this area increases, it remains to be seen whether current laws effectively regulate agent conduct.

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