When does a Power of Attorney become Effective?
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When an agent’s power to act is contingent upon a certain event occurring, the power of attorney is considered a “springing” power of attorney. Once the triggering event occurs, the power of attorney “springs to life” and gives the agent power to act on behalf of the principal. In most cases, the triggering event in a springing power of attorney is the principal’s incapacity, as declared in writing…