A Financial Power of Attorney is a central estate planning tool that allows a trusted person to manage your financial affairs if you are unable to do so. In Santa Margarita and throughout San Luis Obispo County, creating a clear, legally sound financial power of attorney helps families plan for unexpected illness, temporary incapacity, or extended travel. This document can cover bank accounts, bill paying, investments, tax filings, and property management. Choosing the right scope and contingencies in the document can prevent disputes, reduce delays with financial institutions, and protect your assets and wishes during times when you cannot act on your own behalf.
At the Law Offices of Robert P. Bergman, we help clients tailor powers of attorney to reflect individual priorities, family dynamics, and California law. A thoughtful approach includes selecting an agent, defining the agent’s powers, and setting effective dates or termination conditions. For many clients in Santa Margarita, combining a financial power of attorney with other planning documents like a revocable living trust, advance health care directive, and will creates a coordinated plan that addresses both finances and personal care. Early planning reduces the risk of costly court involvement and provides practical continuity for managing daily financial matters.
A properly drafted financial power of attorney provides continuity when life brings illness, injury, or diminished capacity. It lets a trusted agent access accounts, manage investments, pay taxes, and handle real estate transactions without the delays of court proceedings. This planning tool offers flexibility, allowing durable authority that remains effective if the principal becomes incapacitated, or a narrower scope for specific tasks. For Santa Margarita residents, having this document in place prevents frozen accounts, missed payments, and financial uncertainty. It also reduces stress for family members who otherwise might need to seek conservatorship, a process that can be time consuming and public.
The Law Offices of Robert P. Bergman serves California clients with practical estate planning services focused on clarity and long term reliability. We work with individuals and families to design documents such as revocable living trusts, wills, financial powers of attorney, advance health care directives, and supporting trust assignments. Our approach emphasizes clear communication, careful drafting, and coordination among documents to reduce ambiguity. For residents of Santa Margarita and surrounding communities, we prioritize plans that are straightforward to implement and that reflect personal values and family needs while adhering to current California statutory requirements.
A financial power of attorney is a legal instrument that grants another person the authority to handle specified financial matters on your behalf. California law allows principals to define the agent’s powers broadly or narrowly, to make the authority durable so it continues during incapacity, and to include successor agents. The document can be tailored for immediate use or to become effective upon a determination of incapacity. Careful wording matters because banks, brokerage firms, and government agencies often require clear evidence of authority. A well crafted document anticipates routine transactions and potential obstacles to avoid interruptions in financial management.
Selecting an agent involves weighing trustworthiness, availability, and financial judgment. Many clients name a primary agent and one or more successors, and they specify whether the agent may gift on behalf of the principal, transfer assets to a trust, or handle tax filings. For complex situations involving business interests, multiple properties, or blended families, it is important to consider how the power of attorney interacts with other estate planning documents. Combining the financial power of attorney with clear trust provisions, certification of trust, and pour-over wills can create a cohesive plan that protects assets and ensures continuity.
A financial power of attorney appoints an agent to take specified financial actions on the principal’s behalf, such as managing bank accounts, paying bills, handling investments, and conducting real property transactions. California statutes permit varying degrees of authority and the inclusion of durable language to maintain effectiveness during incapacity. Documents should clarify the timing of effective authority, successor agent appointment, and any limitations. Many individuals pair this document with a certification of trust or general assignment of assets to trust so agents can move assets into an existing trust without needing separate approvals, simplifying management when the principal cannot act.
Essential elements of a valid financial power of attorney include the principal’s designation of an agent, a clear statement of the powers granted, effective date provisions, successor appointments, and required signatures with any necessary notarization or witness statements. Drafting should anticipate interactions with banks and institutions that may have their own form requirements. Additional considerations include limiting gifting authority, specifying whether the agent can revoke or modify beneficiary designations, and adding safeguards for agents who are family members. Properly integrating the power of attorney with trusts and wills helps ensure consistent estate administration and reduces the likelihood of disputes.
Understanding common terms used in powers of attorney makes it easier to make informed choices. Terms like principal, agent, durable, successor agent, gifting authority, and pour-over will frequently appear in documents and discussions. Knowing how these terms affect legal authority and estate planning outcomes helps you tailor the document to your circumstances. Clear definitions also assist agents and financial institutions when they review the document, ensuring smoother access to accounts and assets during a time of need. Below are concise explanations of terms you are likely to encounter when planning.
The principal is the person who creates the financial power of attorney and grants authority to another person to act on their behalf. The principal decides which powers to grant, when the authority will take effect, and whether the authority remains in place during incapacity. Principals can also appoint successor agents if the primary agent is unable or unwilling to serve. Choosing clear language and confirming the principal’s intent in the document reduces ambiguity and helps institutions accept the document when it is presented for transactions.
A durable power of attorney contains language that keeps the agent’s authority in force even if the principal later becomes incapacitated. Durability ensures continuity of financial management without needing court intervention. In California, drafting durable language is a common way to avoid the need for conservatorship if the principal is seriously ill or injured. Careful limits can be included to balance authority and protection, such as restricting gifting powers or requiring accountings, which help manage potential misuse while still allowing trusted agents to handle necessary financial affairs.
The agent is the person designated to act on behalf of the principal under the terms of the power of attorney. An agent’s duties may include paying bills, managing investments, filing taxes, handling real estate transactions, and transferring assets into a trust. Selecting an agent who understands the principal’s values and wishes, who will keep records, and who can communicate with family members and institutions, is important. The document can name successor agents, provide instructions for decision making, and set limits to guide the agent’s actions in a concrete way.
A pour-over will is a will crafted to transfer any assets not already placed into a revocable living trust at the time of the principal’s death into that trust. It serves as a safety net to capture assets that were unintentionally left out of trust funding. When combined with a financial power of attorney and trust-related documents such as general assignment of assets to trust and certification of trust, a pour-over will helps create an integrated estate plan that directs assets along the intended distribution path while preserving privacy and reducing probate complications.
When planning financial authority, you can choose between limited powers tailored for a single task and comprehensive authority that covers most financial needs. Limited grants are useful for narrow situations such as closing a real estate transaction or handling a single business matter. Comprehensive grants permit broader actions including investment decisions and ongoing account management. Each approach has trade offs: limited powers restrict agent action and may require additional documents for future needs, while comprehensive authority offers convenience and continuity but calls for careful selection of a trustworthy agent and clear instructions to avoid misunderstandings.
A limited financial power of attorney is often sufficient when the principal needs someone to handle a particular transaction or a short period of financial management. Examples include authorizing another person to close on a home while traveling, allow a spouse to sell a vehicle, or handle tax paperwork for a single year. These targeted documents reduce the agent’s ability to act beyond the intended task and can offer peace of mind to principals who prefer not to grant broad authority. Drafting should clearly define the scope, time frame, and any conditions for the agent’s role.
Some individuals prefer limited authority because it narrows the agent’s powers to specific duties, providing control and reassurance. Limiting authority minimizes exposure to decisions the principal wishes to retain and reduces the potential for disagreements among family members. For example, a principal might allow an agent only to pay bills and manage rent collection, while retaining investment authority. This approach requires careful coordination with financial institutions to ensure the limited document will be accepted, and it should include clear end dates or triggering events to avoid unintended ongoing authority.
Comprehensive authority is recommended when a principal anticipates that someone may need ongoing management of finances due to chronic illness, advanced age, or complex asset structures. It enables an agent to handle a broad array of duties such as investment oversight, real estate decisions, retirement accounts, and coordination with tax professionals. For households with multiple accounts, business interests, or rental properties, granting comprehensive authority ensures continuity and reduces interruptions. Broad powers should be balanced with safeguards like successor agents, required accounting procedures, and written instructions to guide decision making responsibly.
A comprehensive financial power of attorney is particularly useful when it is part of an integrated estate plan that includes a revocable living trust, pour-over will, and related trust documents. In those arrangements, an agent may need authority to transfer assets into a trust, manage trust funding, and coordinate distributions or payments. Comprehensive authority streamlines asset management and helps the agent implement the principal’s overall plan without repeated legal hurdles. It is important to write clear instructions about interactions with trust documents and to ensure documentation like certification of trust accompanies transactions when needed.
A comprehensive approach offers continuity, flexibility, and reduced administrative burden for families when someone cannot manage their finances. By granting broad authority to a trusted agent, routine tasks such as bill payment, tax filings, and asset management continue without interruption. This minimizes the risk of missed payments, penalties, or unmanaged investments during medical crises or extended absences. A comprehensive document paired with clear instructions and successor agents makes transitions smoother and limits the need for court involvement, thereby saving time, expense, and family stress in difficult circumstances.
Comprehensive authority also supports coordinated estate administration, allowing agents to transfer assets to trusts, manage retirement plan rollovers where appropriate, and work with financial institutions to honor the principal’s documents. This coordination can protect intended distributions and reduce the likelihood of assets falling through the cracks. Guardianship and conservatorship proceedings are often avoided when a durable and comprehensive power of attorney is in place. Thoughtful drafting, periodic review, and open communication with the appointed agent are recommended to preserve the principal’s intentions and protect beneficiaries.
One major benefit of comprehensive authority is the uninterrupted management of finances during periods when the principal cannot act. An appointed agent can maintain bill payments, oversee investments, manage property, and ensure payroll or business obligations are met. This continuity reduces the risk of administrative penalties, foreclosure, or other financial harm. It also allows family members to focus on personal matters without being overwhelmed by immediate financial tasks. To ensure accountability, principals may require periodic accountings or set limits on certain transactions while still providing the agent the power needed to act effectively.
Comprehensive powers work best when coordinated with trust and will documents so that asset transfers and end-of-life planning proceed as intended. An agent with clear authority can move assets into a revocable living trust, execute documents like general assignments to trust, and manage interim financial needs consistent with the principal’s plan. This integration protects the privacy and efficiency benefits of trust administration and minimizes probate exposure. Regular reviews of the entire estate plan are recommended to confirm that all documents function together smoothly and reflect changes in family circumstances or assets.
Selecting an agent and at least one successor is one of the most important decisions when creating a financial power of attorney. Consider someone reliable who understands your values, can keep clear records, and will communicate with family and institutions. Make sure the chosen person is willing to serve and understands the scope of authority. Discuss potential limitations and any conditions you want to include. Naming successors provides redundancy if the primary agent cannot serve, and documenting preferences in writing reduces the likelihood of family disputes when the document becomes operative.
Ensure the financial power of attorney aligns with your revocable living trust, will, HIPAA authorizations, and guardianship nominations so that all documents reflect the same goals. If the agent needs to transfer assets into a trust, include language or supporting documents like a general assignment of assets to trust and certification of trust to facilitate transactions. Regular reviews are important after significant life events such as moves, marriages, births, or changes in assets. Coordination prevents conflicts, streamlines administration, and helps preserve the intended distribution plan.
Creating a financial power of attorney protects your financial affairs if you become unable to manage them yourself due to illness, accident, or travel. It enables a trusted agent to pay bills, manage investments, file taxes, and oversee property, preventing disruption in everyday financial matters. Without such a document, family members may need to seek court appointed conservatorship to obtain legal authority, a process that is public, often expensive, and time consuming. Planning in advance provides practical continuity and reduces uncertainty during stressful times.
Another reason to consider this planning is the need to coordinate financial decisions with broader estate objectives, such as funding a revocable living trust, protecting retirement assets, or preserving benefits for a family member with special needs. The financial power of attorney can enable an agent to take care of administrative tasks required to implement these matters. Regularly updating the document ensures it reflects current relationships, assets, and wishes, and helps ensure that the person you trust is legally empowered to act on your behalf when it matters most.
People frequently create powers of attorney when they experience life changes that increase the likelihood of needing someone to handle finances. These situations include major surgeries, travel for extended periods, aging parents who want continuity of care, new business ownership, or the transfer of significant assets into a trust. It is also common when someone is preparing for retirement or wants to ensure that tax and investment decisions are managed without interruption. Having a plan in these circumstances prevents emergency filings and provides practical protection for daily financial operations.
When you anticipate a major medical procedure, having a financial power of attorney ensures someone can handle bill payments, insurance claims, and other financial logistics without disrupting care. This avoids missed deadlines for medical billing, mortgage payments, or tax obligations while the principal is recovering. The document should clearly identify the agent, any limitations on authority, and successor agents. Including contact information and informing relevant financial institutions in advance helps the agent act quickly and smoothly when needed.
Extended travel for work, education, or personal reasons can create a need for another person to manage finances temporarily. A financial power of attorney allows a trusted agent to handle banking, renew insurance, collect rent, or sign checks while the principal is away. For predictable absences, a limited power may be suitable, but for longer or uncertain durations, durable language may provide better continuity. Clear instructions and arrangements with banks mitigate delays when the agent needs to present documentation for transactions.
As people age or face progressive medical conditions, planning ahead with a durable financial power of attorney helps ensure that someone can manage finances when cognitive or physical abilities decline. This planning reduces stress for family members, prevents lapses in bill payment, and ensures continued management of investments and property. Combined with an advance health care directive and trust documents, a financial power of attorney is part of a comprehensive approach to preserving autonomy and protecting long term financial stability for both the principal and their beneficiaries.
The Law Offices of Robert P. Bergman offers tailored guidance for Santa Margarita residents seeking to create or update a financial power of attorney. Our practice assists with drafting clear documents, coordinating them with trusts and wills, preparing certification of trust forms, and advising on successor agent selection. We also provide support for funding trusts, preparing pour-over wills, and handling related petitions such as trust modification or Heggstad filings when circumstances change. Our goal is to provide practical, responsive service to help families put reliable plans in place.
Clients choose our office because we focus on clear, practical planning that aligns with California law and the client’s personal goals. We work to produce documents that financial institutions will accept and that are readily usable by appointed agents. Our process includes thorough client interviews to identify priorities, direct drafting of documents like general assignments and certifications of trust, and explanations of how each document interacts with the rest of an estate plan. We aim to minimize ambiguity to help clients avoid future disputes or administrative difficulties.
We prioritize communication and accessibility for clients in Santa Margarita and nearby counties, helping them understand the implications of each choice and confirming that documents reflect current family and financial circumstances. When updates are needed due to changes in assets, family structure, or health, we assist with revisions and re-execution as appropriate. Our office also coordinates with financial advisors, accountants, and trustees to ensure estate planning documents work together efficiently and that the appointed agent can perform necessary duties without unnecessary barriers.
Practical considerations such as notarization, witnesses, and institution acceptance are part of our drafting checklist, and we prepare supporting materials to accompany documents when presented to banks or brokerage firms. For clients transferring assets into trusts, we prepare general assignment forms and certifications of trust so agents can act without undue delay. Our objective is to provide durable, well organized planning that protects the principal’s financial interests and supports family stability when unforeseen events occur.
Our process begins with a detailed intake to understand your financial assets, family relationships, and planning goals. We discuss who you want to appoint as agent and successor agents, whether durability is desired, and any limitations you want to include. After clarifying these choices, we draft the power of attorney and related documents, explain notarization and signing requirements, and provide guidance for presenting the document to banks and other institutions. We also recommend periodic reviews to confirm the document remains current with changing circumstances.
The initial step focuses on gathering information about your assets, existing estate planning documents, and your preferences for agent selection and powers. We review accounts, trust documents, beneficiary designations, business interests, and any guardianship nominations. The goal is to identify how the power of attorney should be drafted to fit your overall plan, including any interactions with a revocable living trust or pour-over will. We also discuss practicalities such as whether the agent will need authority to handle retirement accounts or transfer assets into trust.
During this review, we examine any existing wills, trusts, powers of attorney, and healthcare directives to find conflicts, gaps, or needed updates. We clarify your long term goals for asset distribution, caregiving preferences, and any special provisions such as pet trusts or special needs planning. This step ensures the new financial power of attorney dovetails with other planning documents. Identifying inconsistencies early helps avoid unintended results and provides a roadmap for cohesive estate administration.
We spend time discussing potential agents, successor agents, and the precise boundaries of their authority. Topics include whether the agent may gift on behalf of the principal, make retirement account changes, or transfer assets to a trust. We help clients consider practicalities like geographic proximity, financial acumen, and ability to manage record keeping. These conversations lead to drafting choices that reflect the client’s preferences and protect against unintended authority while allowing the agent to act effectively when necessary.
In the drafting phase we prepare a clearly worded financial power of attorney tailored to your needs, including durability, successor agent provisions, and any limitations or instructions you require. We prepare supporting forms such as general assignments to trust and certifications of trust if assets will be transferred. We also advise on execution requirements, including notarization and witness signatures where appropriate. Our office prepares a final packet with instructions for presenting the document to banks, investment firms, and other institutions.
If your plan includes a revocable living trust or other trust instruments, we prepare supporting documents that make it easier for agents to manage and transfer assets. These may include general assignments of assets to trust, certification of trust forms, and pour-over wills. Clear supporting paperwork reduces friction when financial institutions request proof of authority or trust funding. We ensure the paperwork is coordinated so that the agent can implement the plan efficiently without unnecessary obstacles during urgent situations.
After drafting, we review the documents with you and explain each provision in accessible language. This review allows you to request revisions, set limitations, and confirm that all elements align with your wishes. Open dialogue helps avoid ambiguities and gives you confidence that the agent will have the authority needed while remaining accountable. We document any special instructions or preferences and incorporate them into the final executed forms so the agent and institutions have clear guidance.
The final step involves execution with proper notarization and witnesses if required, and providing copies to the appointed agent and relevant institutions. We advise where to file or store the original and how to provide banks and brokers with certification if needed. After execution, periodic reviews every few years or after major life events help ensure documents remain up to date. We are available to assist with amendments, revocations, or preparation of successor documents if circumstances change or different authority is desired.
Many financial institutions prefer notarized powers of attorney and may request additional documentation to accept the agent’s authority. We explain notarial requirements and prepare certification of trust or supplemental letters to accompany the power of attorney. Proactive communication with banks and brokerages can reduce delays when the agent attempts to access accounts. We provide guidance on how to present documents and what supporting materials institutions commonly request to avoid refusal when immediate action is necessary.
Documents should be reviewed when you experience significant life changes such as marriage, divorce, births, deaths, or major financial shifts. Periodic updates help maintain alignment with your intentions and current law. If changes are needed, we assist with amendments, re-execution, or creation of successor documents. Keeping the appointed agent informed about preferences and locations of important papers makes transitions smoother and preserves continuity of financial management when it becomes necessary.
A financial power of attorney is a legal document that grants another person authority to manage certain financial tasks for the principal. This may include paying bills, managing bank accounts and investments, filing taxes, or handling real estate transactions. Having this document in place avoids the need for a court appointed conservatorship if the principal becomes incapacitated and provides a clearly designated person to manage financial matters promptly and privately. It offers practical continuity so essential obligations are handled without interruption during illness or absence. Creating this document is particularly important for those with significant financial responsibilities, multiple accounts, or property. It also benefits individuals who travel frequently or are planning medical procedures. By clearly naming an agent and detailing the scope of authority, the principal reduces uncertainty and helps ensure financial obligations are met even when they cannot act personally. Periodic reviews and coordination with other estate planning documents help maintain effectiveness over time.
Choosing an agent involves evaluating trustworthiness, availability, and capacity to manage financial matters responsibly. A good agent should be organized, able to keep records, and willing to communicate with family and institutions. Many people select a spouse, adult child, close friend, or a professional trustee as a primary agent, and name one or more successors in case the first agent cannot serve. Discussing responsibilities and expectations in advance helps prepare the agent and reduces the risk of disputes when the document becomes effective. Consider geographic proximity, financial literacy, and temperament when making a selection, and think about whether you need to impose limits on the agent’s powers. If there are concerns about potential conflicts among family members, naming co-agents or successor agents with clear instructions can help. Providing written instructions and requiring periodic accountings are additional measures that can guide the agent and provide oversight while still enabling them to perform necessary duties.
Yes, a power of attorney can be narrowly tailored to address specific tasks or to operate only during a limited time frame. Limited or special powers are commonly used for discrete transactions such as closing on a real estate sale, handling a specific business matter, or managing a short term financial need. Carefully drafted language should specify the exact powers, purposes, and effective dates to avoid unintended authority and to ensure institutions accept the document for the intended tasks. Limited powers are useful when a principal wants to retain most decision making authority while delegating particular responsibilities. It is important to coordinate limited powers with other estate documents and to ensure that the document will be recognized by the institution involved in the transaction. Clear start and end dates or tied-to-event conditions provide certainty and protect against ongoing authority beyond the intended scope.
Many banks and financial institutions accept valid powers of attorney, but their acceptance practices can vary. Institutions commonly request notarization, original signatures, and may require identification or verification steps. Some institutions have their own forms or require additional documentation such as a certification of trust when trust assets are involved. Preparing a notarized document and providing a clear certification can reduce delays when an agent presents authority to manage accounts. Proactive communication with financial institutions before a power of attorney is needed can ease later transactions. Keeping copies of the document with the agent and noting the preferred contact procedures for each institution helps. If an institution raises questions, having supplemental documentation or a prepared explanation of authority often resolves concerns and allows the agent to perform necessary transactions promptly.
A durable power of attorney contains language that keeps the agent’s authority in force even if the principal becomes incapacitated, allowing uninterrupted management of financial affairs at a critical time. A non-durable power of attorney ceases to be effective if the principal later loses capacity. Durability is commonly used to avoid the need for court intervention and to provide continuity in financial management during medical crises or progressive conditions. Choosing durable language is a deliberate planning decision that can prevent conservatorship proceedings. If a principal prefers limited authority that ends with incapacity, a non-durable document might be chosen for specific temporary needs. The selection should align with the individual’s goals and their broader estate plan. In many cases, a durable power of attorney paired with oversight measures such as successor agents and accounting requirements strikes a balance between continuity and protection against misuse.
A financial power of attorney and a revocable living trust often work together in a coordinated estate plan. While a trust governs distribution of assets at death and avoids probate for trust assets, a power of attorney allows an agent to manage assets during the principal’s lifetime, including facilitating transfers into a trust. If the agent will need to move assets into the trust, supporting documents such as a general assignment of assets to trust and a certification of trust can smooth the process and show institutions that the transfers align with the overall plan. When drafting these documents together, it is important to ensure consistency of terms, named fiduciaries, and successor appointments. Coordination helps prevent conflicts and ensures that agents and trustees understand their respective roles when the principal cannot act. Periodic review keeps the plan current with changes in assets or family circumstances and maintains effectiveness.
Yes, a principal may revoke or amend a power of attorney at any time while they retain capacity by executing a written revocation and notifying the agent and relevant institutions. It is recommended to provide copies of the revocation to banks, brokers, and other parties that relied on the old document. If the principal loses capacity, revocation is no longer possible, which underscores the importance of making changes while you are able to do so. Clear documentation and communication reduce confusion and help ensure institutions accept the updated intent. When updating documents, it is advisable to replace or augment related estate planning instruments accordingly to maintain consistency. If successor agents or different limits are desired, preparing a new power of attorney and distributing it to the agent and institutions avoids reliance on outdated forms. We recommend consulting with counsel to ensure the revocation or amendment is properly executed and effectively communicated.
While it is possible to use standardized forms available online, legal counsel can provide value by tailoring a power of attorney to your specific assets, family dynamics, and concerns. A lawyer can identify interactions with trusts, retirement accounts, and business interests and draft language that institutions will accept. Customized drafting reduces ambiguity, addresses potential conflicts, and prepares supporting materials such as certification of trust or general assignment forms when needed to carry out the plan effectively. Working with counsel also helps ensure the document complies with current California formalities and addresses state specific requirements. Counsel can advise on safeguards, successor agent designations, and strategies to protect vulnerable beneficiaries. For many clients, the added clarity and preparation reduce the risk of future contention and make administration smoother when the agent must act.
Protections against misuse can include limiting gifting authority, requiring the agent to provide periodic accountings, appointing co-agents or successor agents, and including clear written instructions about allowable transactions. Restricting high risk powers, such as authority to change beneficiary designations or gift to the agent, can reduce opportunities for abuse. Including successor agent provisions and oversight requirements makes it easier to replace an agent who misbehaves and provides transparency for family members and institutions alike. Other safeguards include requiring the agent to keep detailed records, requiring multiple signatures for certain transactions, and specifying professional advisors who should be consulted for complex decisions. Combining these protections with careful agent selection and open communication about responsibilities helps balance the need for effective financial management with accountability and protection of the principal’s assets.
When acting under a power of attorney, an agent should first locate and review the original document to understand the scope of authority and any limitations or instructions. The agent should retain copies, notify relevant institutions, and present notarized documentation where required. It is important to keep clear records of all transactions, preserve receipts, and separate the principal’s funds from any personal accounts. Communicating regularly with family members and following the principal’s written preferences reduces confusion and maintains trust among interested parties. An agent should also seek professional advice when handling complex matters such as tax filings, business interests, or property transfers. Consulting with accountants, financial advisors, or legal counsel helps ensure actions are consistent with legal obligations and the principal’s intentions. If the agent is unsure about authority for a particular transaction, seeking guidance before acting protects both the principal and the agent from potential disputes.
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