A power of attorney is exactly that - they have the power to act in your behalf, like an attorney, if you become unable to make your own decisions. These decisions include legal decisions, health decisions, financial decisions, or guardian decisions. There is a power of attorney form that is a legal form that gives another person authority, or power of attorney, to act as your representative. It is sometimes also called a letter of attorney. A power of attorney can either be a general power of attorney or limited power of attorney. It can also be a durable power of attorney or a non-durable power of attorney.
You may be wondering what exactly is a power of attorney and what do they do? The attorney in "power of attorney" may be confusing, because the person appointed as power of attorney cannot be an attorney - they are just a person that you trust. The person granting the power of attorney is known as the principal. Now, a general power of attorney can make any decisions that he/she feels is best for the principal, including financial affairs. This can be abused because the power of attorney can transfer money from the principal's account into their own if they want. If you, as the principal, sign away your decision making ability to a general power of attorney, they can make any decisions they want. They have health care power, deciding what type, where, and to what extent you receive health care. They decide what to do with all your financial affairs. They can make decisions that you make not even think about, including decisions about your real estate, your mental capacity, legal decisions, public guardian decisions, etc. There are many decisions to be made in your life, so if you sign the document to create a general power of attorney, it better be someone you trust with everything, including your life decisions.
The reason people sign the document or form to grant power of attorney to someone they trust is in case the unexpected happens. What if you became incapacitated because of an accident.... Learn more at power of attorney salt lake city and
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