Validating a power of attorney

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In addition to security, the broker's own professional business interests and continuing obligation to demonstrate "reasonable care" require verification of the POA grantor's identity and legal authority (position in a company or partnership) to enter into a POA.

This is a time-consuming task and can involve liaising with over 35 different European agents.

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There are several online services that can help you accomplish this for a fee, but you can actually do it yourself for free.

In fact, the State of Michigan provides help in planning for medical care in the event of loss of decision-making ability through the Office of Services to the Aging (OSA).

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