Posted on Wed Jun 3, 2015, on Power of Attorney
From our “Ask a Question” mailbag: I have signed a General Power of Attorney giving my daughter the power to act for me, but I don’t want her to have it yet. I only want her to have it when (or if) I become unable to care for myself. Should I keep it in my safe deposit box? We both live in Philadelphia, so she is close by.
Safe deposit boxes work so well because they’re designed to keep people out. The problem with putting your General Power of Attorney in your safe deposit box is that if you become incapacitated, your daughter will likely be unable to get into the box.