Power of attorney provisions updated

A bill revising power of attorney provisions was passed by the Legislature April 5.

LB1113, introduced by Norfolk Sen. Mike Flood, provides definitions for various areas of authority that can be granted to a power of attorney agent and identifies certain areas of authority that can be granted because of the propensity of such authority to dissipate the principal’s property or alter the principal’s estate plan.

The bill also provides statutory forms to be used by lawyers and laypersons.

LB1113 passed 47-0.

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