Granting a Financial Power Of Attorney (“POA”) gives an individual (the “Agent”) the ability to manage your assets (the “Principal”) and make decisions on your behalf during your lifetime. As soon as the POA documents are signed, they are active immediately, which makes choosing someone you trust essential.  In Pennsylvania, a new POA law was passed in 2014 that changed may aspects of the old POA laws. Some of the major changes are explained below by our estate lawyers in Philadelphia at Astor Weiss Kaplan & Mandel, LLP. (more…)