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It is very important that the attorney-in-fact keep good records of his or her actions under the power of attorney; this is the best way to be able to answer any questions that may be raised. The most important rule for an attorney-in-fact to keep in mind is not to commingle the funds he or she is managing with his or her own money. The accounts should be kept separate. The easiest way to keep records is to run all funds through a checking account. The checks will act as receipts and the checkbook register as a running account.
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What kind of records should the attorney-in-fact keep?
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