Can two people have power of attorney from the same person simultaneously?

Full question:

Can two persons have a "Power of Attorney" from the same person at the same time and be legal ?

Answer:

Yes, you can appoint multiple agents with a Power of Attorney. When doing so, you need to decide if they must act together or if each can act separately. Each option has its pros and cons.

If you require your agents to act together, it can help ensure sound decision-making. However, this may lead to delays or inaction if they disagree or if one is unavailable.

Allowing agents to act separately ensures that someone is always available to manage your affairs. But it can also lead to confusion and disagreements if they do not communicate or if one agent believes the other is not acting in your best interests.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, a co-power of attorney exists when two or more individuals are appointed as agents under a single Power of Attorney document. They can be required to act together or separately, depending on the principal's wishes. This arrangement allows for shared decision-making but may also lead to complications if the agents disagree.