Posted By: Labeed Choudhry
Can an individual granting power of attorney to his children, can he also have access to his accounts?
It looks like you’re thinking about the future and trying to make sure that your affairs are in order in case something untoward were to happen to you but you don’t want to write yourself off completely. All that a power of attorney does is allow someone else to act on your behalf within the parameters of the power of attorney. Generally speaking, giving someone else a power of attorney will not keep you from acting on your own behalf. In fact, a power of attorney can be written so that it doesn’t take effect right away so there is no issue of anyone accessing your accounts until, for some reason or another, you are unable to.
I looks like your issue is right up my alley, and I would like to meet you to discuss a power of attorney or any other estate planning issues that you might have.