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The different types and aspects of power of attorney

A power of attorney is a document that allows a person in Lee County, or elsewhere, to state in writing that another person, or persons (the agent), can act for and in behalf of him or her (the principal). When given power of attorney, the agent can perform any legal act that he or she is asked to do by the principal. However, there are different kinds of power of attorney and each type works a little differently.

According to Legalnature.com, there are several types powers of attorney, including:

  • Durable power of attorney – this allows the agent to carry out all acts and affairs for the principal without a set time limit.
  • Non-Durable Power of Attorney – this is used for a limited, set period of time and typically for just one or two certain acts.
  • Limited or Special Power of Attorney – this is used for a one-time event in regards to a banking or other financial matter.
  • Springing Power of Attorney – this is set up to become effective at a future time when a certain specific event takes place.
  • Medical Power of Attorney – this allows the agent to determine and control any decisions regarding the principal’s health should he or she become unable to do so.

Meantime, according to AARP.org, powers of attorney will differ depending on the terms that the principal desires, including when the powers begin and end and how much power the agent will have. The responsibilities the agent will have will be up to the principal in question. The principal might give the agent power to do anything or simply just one thing, like sale his or her house.

There are obviously many aspects to appointing a power of attorney. Therefore, it’s important for anyone considering this action to weight all of his or her options and to choose his or her agent very carefully.

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