With a power of attorney, you have several major decisions to make. You want to be certain that you name the right agent, someone who will respect all of your wishes, make decisions that are in your best interest, and never abuse the powers of a POA. The biggest factor in choosing the right agent is trust. For that reason, an agent is often a close family member, friend, organization, or even an attorney.
As part of the agent’s role, extremely accurate records must be maintained. The agent is also required to provide you with periodic updates. If for any reason you are unable to review the updates, a named third-party would step in. As an agent, there are legal responsibilities relating to proper conduct.