My brother and I share medical power of attorney for our mother which has been activated by two physicians signing off on this. Does there need to be any action taken by us to activate durable financial power of attorney (which we are also named jointly on. We do many financial functions now but are seeing a large number of scams showing up on credit cards and need to find out if we would be able deal with these directly. Do we need legal advice?
If there's no such clause and there are statements that the proxy powers are in effect immediately, then, no, you don't need legal advice nor is there any activation trigger. A well drafted POA will include statements to this effect, i.e., as to whether there are actions that need to be taken for the proxies to act.