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Home » Incapacity Planning » Multiple POA Agents and Co-Agents: 3 Questions

Multiple POA Agents and Co-Agents: 3 Questions

August 7, 2013Incapacity Planning, Power of Attorney

Question 1.  A how many agents should I use with a power of attorney?

In general, it’s always best to use a single agent with any power of attorney, or POA. When you create a power of attorney, you delegate some of your decision-making authority to someone else. For each POA you make, be it financial, healthcare, or other, it’s always best to have that power vested in a single agent.

Question 2.  What if I have multiple powers of attorney? Should I have a single or multiple agents?

That depends on your circumstances. For example, if you create a durable financial POA and one for healthcare, you can choose the same person to serve as agent under both documents or choose different people. Your decision rests on who you want to make these decisions for you and whether you believe one person can, or should, have both types of authority.

Question 3.  Should I ever use co-agents?

Probably not. In most situations it is best that you appoint a single agent under each POA you create. Giving two or more people the ability to act as your agent with each of them having the same powers can be difficult for both you and them. Co-agents would have to coordinate on every decision they make, a process that could make their job much more difficult to do.  A much better alternative is to name backup agents in case your first choice cannot serve.

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Michael Robinson, Estate Planning Attorney
Michael Robinson, Estate Planning Attorney
Clients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors.
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