2006-09-21 15:39:15 · 4 answers · asked by nellie 1 in Family & Relationships ➔ Other - Family & Relationships
Power of Attorney gives someone the right to sign your name and make decisions for you if you are unable.
Administrator of Estate is someone who oversees your estate after you die. They make sure everyone gets what they are supposed to according to the will. They also get paid by the estate to do this.
2006-09-21 16:11:40 · answer #1 · answered by country girl 5 · 0⤊ 0⤋
Power of Attorney (PA) is an agreement between two people. It is a legal document where one person empowers another person named in the PA to manage his/her assets and properties for a specific period of time after which the PA becomes null and void. The PA can be executed between relatives, friends, siblings and even a parent can empower a child by way of a PA.
Whereas an Administrator of an Estate is usually the Public Trustee or a person appointed by a Court of Law. The Administrator is given powers by the Court to manage the assets and properties of a deceased person until handover of the assets and properties to the rightful beneficiaries either based on the Will of the deceased or according to legal provisions.
2006-09-21 23:02:47 · answer #2 · answered by yuvan53 3 · 1⤊ 0⤋
Ask an attorney. Power of attorney- means you can sign their name while they are still living.
Administer Of The Estate-is different because this takes place after they have died would be someone to overseer the estate. To make sure that property or money left behind goes to the proper relatives or debts.
2006-09-21 22:43:11 · answer #3 · answered by Busy Lady 2010 7 · 1⤊ 0⤋
FYI, Power of attorney can also be limited in scope to permit only specific actions ... for example, if your child is travelling with a family friend in europe, you can give that friend a Medical PA in the event of an accident when a critical decision need to be made and signed for in a medical emergency
2006-09-21 23:08:25 · answer #4 · answered by casurfwatcher 6 · 0⤊ 0⤋