A durable Power of Attorney authorizes your agent to continue to act for you after you become incapacitated. This document ends at your death. It can take effect as soon as you sign it.
power of attorney
A general Power of Attorney gives another person the authority to do whatever you can do. Think very carefully before signing this type of document. It should be used sparingly. This document ends when you become incapacitated or die.
A springing Power of Attorney can be written so it goes into effect if you become incapacitated. Be very careful to define clearly exactly how others will determine that the "springing event" has occurred.
Through a Limited Power of Attorney you authorize another person to do specific things for you for a limited period of time, or in certain circumstances. The limited power of attorney (POA) ends if you become incapacitated or die. It also could end at a time that you specify in the document.
While the durable power of attorney is used for property management purposes, the medical power of attorney is used for making healthcare decisions. Every state has enacted legislation authorizing the use of this device, although the various statutes use different names for the instrument.
A durable power of attorney for finances is a simple, inexpensive, and reliable way to arrange for someone to make your financial decisions should you become unable to do so yourself. It’s also a wonderful thing to do for your family members. If you do become incapacitated, the durable power of attorney will likely appear as a minor miracle to those close to you.
A power of attorney (POA) is a written document that gives another person the authority to act on your behalf. The person signing the document, or "Principal", appoints another person as an agent. The agent is also called an "attorney-in-fact", which is different than an attorney at law. A power of attorney may be oral and whether witnessed or not, will hold up in court, same as if it were in writing. For some purposes, the law requires a power of attorney to be in writing.