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Questions and Answers
What authority can an individual grant to their agent through a power of attorney?
What authority can an individual grant to their agent through a power of attorney?
- Authority to do virtually anything they can do personally (correct)
- Authority to only do basic tasks
- Authority to override the individual's decisions
- Authority to make decisions without permission
What happens when an individual grants a power of attorney to their agent?
What happens when an individual grants a power of attorney to their agent?
- Their agent assumes all responsibilities
- They retain all decision-making authority (correct)
- They lose all decision-making authority
- Their agent can only perform limited tasks
What can an individual do through a power of attorney?
What can an individual do through a power of attorney?
- Delegate only simple tasks
- Pass on responsibilities delegated to them (correct)
- Revoke all authority from their agent
- Delegate only financial decisions
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