Legal Question in Elder Law in New Jersey
i'm confused as to the power of attorney versus the executor of a will?
Asked on 3/08/10, 7:28 am
1 Answer from Attorneys
Locksley Wade
Law Office of Locksley O. Wade
A power of attorney gives a person (agent) control over the financial affairs of a living person (principal) and it expires of the death of the principal. A will authorizes a person named as executor to see to the final financial affairs and distribution of the assets of a deceased person.
Answered on 3/14/10, 5:05 am
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