Word: musts
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Dates: during 2000-2009
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...power of attorney has teeth," says Ronald Fatoullah, an elder-law and estate-planning attorney in New York. One safeguard is a multiplicity of signatures. Now both the principal and the agent must sign the POA, and each signature must be notarized. "This is a big change," he says. "The document specifically states that when you accept the authority to act as agent, you create a special fiduciary relationship with the principal that imposes legal responsibilities until you resign or the power of attorney is terminated." (Read "The Real Issues of End-of-Life Care...
...Another important provision of the statute is the right of the principal to appoint a monitor, like a trusted accountant, to oversee the activities of an inexperienced agent, or a family member to ensure that an agent acts according to the principal's wishes. Those who have POA must now keep records and account for every penny, which was not a requirement under the previous law, says Louis Pierro, an elder-law and estate-planning attorney in New York, adding, "The new law makes it easier to bring a civil suit against an agent who has acted inappropriately...
...overlooked by the principal, it was possible for agents to write checks to benefit themselves and clean out a principal's bank account. Now such doings will be harder to get away with. If the principal wants to grant the agent the specific power to make gifts, the principal must initial a box on the POA authorization form, and then describe the types of gifts on a separate statutory major-gifts rider. The rider must contain the signature of the principal and two witnesses and also be notarized...
...prominent Mass. Republican, had also considered entering the race but decided against it on Sunday night, saying that such a campaign “would not be in the best interest of [her] family at this time.” Nomination papers for party candidates must be submitted for certification of signatures by Oct. 20, and the special election filling Kennedy’s Senate seat will take place on Jan. 19. State party primaries will be held on Dec. 8. In the meantime, state lawmakers are considering whether to allow Mass. Gov. Deval L. Patrick...
...keep that from happening again, Karzai will need to show results - and fast. For starters, Afghans say he must dismiss corrupt officials, enforce law and order, and use foreign-aid money to build the roads, dams, bridges and schools that he and the international community have long promised but never delivered. This would win back many Afghans and stall the Taliban's advance. But it won't be easy. To secure victory in the recent election, the President had to indebt himself to the very warlords who are strangling the country with their greed...