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What is the most recommended type of power of attorney?
More often than not, our clients opt for the General Durable Power of Attorney (a mix of the Durable and General Power of Attorney) for its ease of use by the Agent, and sustainability over the lifetime of the Prinicipal.
Which is the best power of attorney?
An OPA is useful in certain situations, but its usually best to create an LPA instead as your attorney can continue to act for you if you ever lose mental capacity.
What does a power of attorney say?
THIS POWER OF ATTORNEY AUTHORIZES THE PERSON NAMED BELOW AS MY ATTORNEY-IN-FACT TO DO ONE OR MORE OF THE FOLLOWING: TO SELL, LEASE, GRANT, ENCUMBER, RELEASE OR OTHERWISE CONVEY ANY INTEREST IN MY REAL PROPERTY AND TO EXECUTE DEEDS AND ALL OTHER INSTRUMENTS ON MY BEHALF, UNLESS THIS POWER OF ATTORNEY IS OTHERWISE
What is the most complete power of attorney?
General Power of Attorney A General POA is an extensive and flexible tool that grants your Agent broad powers to act on your behalf in a variety of situations. This POA encompasses both financial and medical decisions, unless otherwise specified.
Which is better, general or durable power of attorney?
A general power of attorney is where an agent is given authority to perform just about every type of task on behalf of the principal such as managing personal finances, opening financial accounts, and collecting documents.
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