Co-owned Assets
From LawDepot Law Library
Definition of "Co-owned Assets"
If your attorney-in-fact is a family member, you may happen to be joint owners of certain property. It is important to state that this is acceptable in your power of attorney, so that third parties dealing with your attorney-in-fact understand that the attorney-in-fact is entitled to co-own assets with you. If this is not stated, the co-owning of assets could give the impression of impropriety on the part of the attorney-in-fact.
