Power of Attorney: What It Can and Can’t Do in South Carolina

Episode Summary:

In this episode of *Off the Record*, Rhett Burney and special guest Bill Finn delve into the importance of powers of attorney in estate planning. They explain the significance of having a power of attorney document, who should have one, and why it's crucial for everyone, regardless of age. The discussion highlights different types of powers of attorney, when they come into effect, and the potential consequences of not having one in place.

Key Timestamps:

• 00:00 – Introduction
• 01:08 – Definition and purpose of a power of attorney
• 03:20 – Importance of having a power of attorney for all individuals
• 05:45 – Types of powers of attorney and their specific functions
• 08:10 – Consequences of not having a power of attorney
• 11:45 – Dangers of using online templates for power of attorney documents
• 14:30 – Steps to ensure recognition and understanding by banks, doctors, and family members
• 17:40 – Recording powers of attorney at the courthouse for validity
• 19:55 – Choosing the right agent and the significance of a successor agent

About the Show:

*Off the Record* is a legal podcast featuring Rhett Burney, a family law and estate planning attorney based in Greenville County, South Carolina. The show provides valuable insights into various legal aspects, offering guidance and knowledge for individuals seeking professional legal assistance.