Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
(1) the principal dies;(2) there is an incapacity of the principal, if the power of attorney is not durable;(3) the principal revokes the power of attorney;(4) the power of attorney provides that it terminates;(5) the purpose of the power of attorney is accomplished; or(6) the principal revokes the agent’s authority, there is an incapacity of the agent, the agent dies, or the agent resigns, and the power of attorney does not provide for another agent to act under the power of attorney.(b) Unless the power of attorney provides a different method for an agent’s resignation, an agent may resign by giving notice to the principal and, if there is an incapacity of the principal,
(1) to the conservator or guardian, if one has been appointed for the principal, and a coagent or successor agent; or(2) if there is no person described in (1) of this subsection, to
(A) the principal’s custodian or caregiver;(B) another person reasonably believed by the agent to have sufficient interest in the principal’s welfare; or(C) a governmental agency having statutory authority to protect the welfare of the principal.
