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One major downfall of a POA is the agent may act in ways or do things that the principal had not intended. There is no direct oversight of the agent's activities by anyone other than you, the principal. This can lend a hand to situations such as elder financial abuse and/or fraud.

South Carolina Requires Powers of Attorney to Be Recorded Note that a POA does not have to be recorded for the agent to exercise powers while the principal still has capacity. How do you record a power of attorney? If you work with an attorney to draft your estate planning documents, they will typically do it for you.

A South Carolina Tax Power of Attorney (Form SC-2848) or ?Department Of Revenue Power Of Attorney And Declaration Of Representative? is a required submission when you wish to grant someone with the authority to act on your behalf when dealing with the South Carolina Department of Revenue.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

While you aren't financial liable, as the attorney-in-fact, you're still the point of contact for the principal's debts. Creditors have a right to attempt to collect the funds that are owed. They don't, however, have a right to harass you.

You must be at least 18 years old, and you must be competent. You must sign the living will in front of a notary public and two witnesses (one can be the notary public). If you are a patient in a hospital or a resident in a nursing home and wish to sign a living will, someone from the S.C.