Power of Attorney
A Power of Attorney is a legal document you use to allow another person to act for you.
You create a legal relationship in which you are the principal and the person you appoint is the agent.
A Power of Attorney specifies the powers you give to your agent. There is a list of different kinds of powers and you can pick and choose which powers you wish to extend.
Both you, and the appointed person (your agent) need to have your signature notarized.
Anyone who wants to permit another person to perform certain legal acts on his or her behalf needs a power of attorney (or POA).
A power of attorney document can allow another person to handle financial matters on your behalf.
The document granting power of attorney must identify the principal, identify the agent, and specify exactly what legal acts the agent is entitled to perform
There are four types of POAs:
- General Power of Attorney
- Durable Power of Attorney
- Special or Limited Power of Attorney
- Springing Durable Power of Attorney