Power of attorney is a legal document that gives the authority to act on behalf of the principal. The attorney-in-charge has limited authority to act on behalf of the principal. the legal agent can make decisions about medical care, financial matters, and property issues on behalf of the principal.
Table of Contents
- General power of attorney
- Special or limited power of attorney
- Durable power of attorney
- Medical or health care power of attorney
A power of attorney comes that the principal is not available by an illness or disability. The agent also acts on behalf of the principal and is not available readily to sign off on legal or financial transactions the power of attorney claims when the creator dies, when it is invalidated by a law of court. The power of attorney ends when the creator charged power of attorney to a spouse and divorces or when the agent is not ready to carrying outlined duties. There are four types of power of attorney.
General power of attorney
In general power of attorney gives the agent a lot of power to handle all the affairs of the principal. The agent designated to act on behalf of the principal is charged to handle several tasks. The tasks include buying, investing, or even entering into contractual relationships on behalf of the principal.
Special or limited power of attorney
In special power of attorney, the agent has limited powers on behalf of the principal. Before signing to a limited power of attorney the principal needs to be detailed and decides how much the agent should handle.
Durable power of attorney
the durable power of attorney is only effective when a person wished to get someone else to act on his or her behalf for some time period.
Medical or health care power of attorney
if the creator becomes ill, he or she reserves to decide the quality of care. Medical or health care power of attorney is used. In this, the agent makes decisions on behalf of the principal in case of a life-threatening illness.
Power of attorney is an authority imposed on an agent by the principal to make decisions on behalf. The agent can make decisions related to health, property, and finance. A power of attorney is common when a person is unable to make their own decisions.
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