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if you've ever taken a dive into the world of estate planning you've at least heard the term power of attorney because this document is an important tool within estate planning it is critical to understand the nuance within specific power of attorney titles so in this video we'll discuss the key differences between a durable financial power of attorney and general financial power of attorney first what is a power of attorney this is a document that grants legal authority to one person known as the agent or attorney in fact to act on behalf of the other the principal when they are unable to do so themselves the powers granted can be broad or they can be very specific and they will be outlined in the poa letter along with when the agent's powers go into effect or when they will be revoked these details are what start leading us to the distinctions between a durable power of attorney and a general power of attorney so what is a general power of attorney a general power of attorney typica...
