What is a power of attorney and what are the two primary types of power of attorney?
What will be an ideal response?
A power of attorney allows you to designate someone to handle your medical, legal, and financial affairs, using their own judgment. The agent you assign becomes your fiduciary, which means that they have to act in your best interest and in accordance with your wishes at all times. Two types of power of attorney are critical to your estate plans. One is a springing power of attorney and the other is durable power of attorney. A springing power of attorney goes into effect only after you become debilitated or disabled. Your agent cannot act on your behalf until they receive a doctor's letter or a court order enabling the agent to represent you. A durable power of attorney is effective as soon as the documents are signed, and continues even through incapacitation–thus the term durable. Both springing power of attorney and durable power of attorney end upon your death. That is why it is critical to also have an executor of your estate, although you can choose the same person to function both for a power of attorney and as executor of your estate.
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As a general rule, it is much better to use ______ in a performance appraisal than it is to use traits.
A. motivations B. behaviors C. narratives D. biases
Which of the following statements is CORRECT?
A. Since debt financing is cheaper than equity financing, raising a company's debt ratio will always reduce its WACC. B. Increasing a company's debt ratio will typically reduce the marginal cost of both debt and equity financing. However, this action still may raise the company's WACC. C. Increasing a company's debt ratio will typically increase the marginal cost of both debt and equity financing. However, this action still may lower the company's WACC. D. Since a firm's beta coefficient it not affected by its use of financial leverage, leverage does not affect the cost of equity. E. Since debt financing raises the firm's financial risk, increasing a company's debt ratio will always increase its WACC.
All of the following are examples of point-of-purchase promotions EXCEPT:
A. television monitors at supermarket checkouts B. shelf talkers C. newspaper inserts D. shelf extenders E. end-aisle and floor-stand displays
_____ are wholesaling intermediaries who facilitate the sales of a product from producer to end user by representing retailers, wholesalers, or manufacturers and providing little input as to the terms of the sale.
A. Marketing facilitators B. Channel cooperatives C. Agents and brokers D. Merchant wholesalers E. Channel functionaries