A General POA gives an Agent broad power to act on your behalf, taking any action or making any decision that would normally fall to you. Here is a list of some of the general powers you can grant to your Agent:
- Sell real property or tangible personal property.
- Buy and sell stocks and bonds.
- Handle all banking.
- Operate a business.
- Buy insurance and annuities.
- Manage estates, trusts, and other beneficiary interests.
- Handle all claims and litigation.
- Manage all personal and family affairs.
- Prepare and file taxes.
A Medical Power of Attorney allows you to name your health agent, someone who will make health decisions for you if you cannot. Your health care agent will also ensure that your health care providers give you the care you wish to receive. You can also require that your health care agent communicate in any manner with you about any specific proposed health care. For example, you may still be able to communicate by blinking your eyes. Many states, however, combine a Living Will and Power of Attorney into one advance directive form.
This document can be used if someone is looking to appoint an agent to make financial decisions for them right now, or if someone would like to set up a document that is ready to go in case of incapacity. In this document, the principal or their representative will be able to enter pertinent identifying details about the parties. The person filling out the document will also be asked a series of questions to define exactly what types of authority the principal wants to give the agent.
A Power of Attorney form allows you to appoint another person to act on your behalf should you ever require someone to make short- or long-term decisions for you. On a Power of Attorney form, the person granting authority to another is the Principal. The person who is granted authority is called the Attorney-in-fact or Agent.
letter of attorney
general power of attorney