A new power of attorney law has become effective as of October 1. People who want to plan ahead for the management of their financial affairs in the event they become incapacitated have greater assurance that their wishes will be carried out because of this new state law, according to Probate Judge T.R. Rowe.
Changes to the Connecticut Uniform Power of Attorney (POA) Act are designed to make powers of attorney easier to use. One important provision requires banks and other financial institutions to honor a POA document and grants new authority to the Probate Courts to compel these institutions to accept POAs. The act also better protects vulnerable individuals from POA abuses and financial exploitation by providing remedies through the Probate Courts, Rowe said.