By Watson Fowler
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October 19, 2017
In the State of South Carolina, a Power of Attorney (“POA”) is a legal document that conveys to another written authority to assist you, either immediately or upon a future condition, regarding financial decisions while you are alive. The person appointed powers under a Power of Attorney is called an “agent” (under older statutes, the “agent” was called an “attorney in fact”). The person for which a Power of Attorney is drafted is called a “principal.” Upon death, a Power of Attorney written and executed on your behalf is no longer effective; instead, it “dies” with you. At that point, the Executor of your estate (otherwise known as a Personal Representative) takes over (or, in the case of Trusts that touch on your property after your passing, a Trustee takes over).