| Power of attorney is a notarized legal form wherein | | | | is effective until it is revoked or maybe until death. It is |
| the principal executes granting authority to another | | | | often used as an advance directive. It does not |
| person to be his agent or attorney-in-fact to handle | | | | become invalid by incapacitation and as a result is a |
| certain affairs on his or her behalf. Laws vary on who | | | | good choice for people who are granting authority |
| may be authorized to act as agent, usually; it is | | | | through a power of attorney in anticipation of physical |
| somebody the principal trusts completely. Powers of | | | | or mental disabilities. |
| attorney may include everything from financial | | | | A nondurable power of attorney is executed by the |
| transactions, health care issues such as making | | | | principal to give the agent or his attorney-in-fact the |
| medical decisions on behalf of the principal in case he | | | | immediate power to act on his behalf. Its validity |
| or she became incapacitated to granting medical care | | | | remains until it expires unless revoked. If and when the |
| to a child in case of an emergency. The power of | | | | principal decided to revoke the non durable power of |
| attorney can be general, limited, or a combination of | | | | attorney granted into the agent, a revocation of the |
| general and specific powers. Normally, people grant a | | | | power of attorney should be executed by the principal |
| power of attorney in situations where the principal | | | | stating therein that it has been revoked on a date that |
| cannot handle their affairs or they will be out of the | | | | the principal has specified. |
| country. | | | | Trust is the key in granting power of attorney to |
| A special power of attorney grants the agent limited | | | | someone or to somebody that the principal can rely |
| power. It is being executed to allow the agent to carry | | | | on. Somebody who is capable of making a sound |
| out a particular business for the principal such as | | | | decision for the delicate role the principal has |
| signing of legal documents and authorize the agent to | | | | bestowed upon him and can act accordingly as to |
| make a decision for the principal, from cashing | | | | what the principal entrusted to him. This is especially |
| government checks, to dealing with real estate | | | | important, more so, if the principal is anticipating a quite |
| transactions, in almost everything. When the agent's | | | | long period for the agent to act on his behalf, rather |
| representation for the principal is no longer needed, the | | | | than just for a mean while until the principal will be |
| principal may cancel and/or revoke it any time. | | | | available. Sometimes, we really need to have |
| A durable power of attorney allows agents to make | | | | somebody to act on our behalf, but then again, no |
| decisions for the principal if he or she is not mentally | | | | matter whom the principal designates; the |
| competent. This gives the agent immediate power and | | | | performance should be checked from time to time. |