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What are the four types of power of attorney?

In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical.

Can power of attorney take over bank account?

As long as the power of attorney (POA) follows the laws of your state, banks, credit unions, and other third parties should accept it. Ask to speak to the branch manager, a supervisor, or an attorney for the bank or credit union.

What is the best type of power of attorney?

Durable POAs are particularly useful for individuals planning for future incapacity, providing peace of mind that their affairs will be managed ing to their wishes without the need for court intervention.

What is the difference between general and durable power of attorney?

Because a power of attorney may grant very broad power over your property, including your bank accounts, we recommend that you consult a legal advisor, estate planner or other tax professional to see whats right for your situation.