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A power of attorney can be a helpful tool in solving many business, legal and medical problems. There are two basic types of power of attorney forms. A general power of attorney gives very broad authority to another person to deal with your affairs. This typically includes things such as withdrawing money from your bank accounts, cashing your checks, selling or mortgaging your property or borrowing money in your name. A special power of attorney is more limited in the authority it grants. The person you designate in the document may do only those things specifically allowed by the power of attorney. For example, you might authorize someone else to consent to medical care for you if you are in a condition where you are unable to consent yourself. Most people who use powers of attorney buy printed form documents. These forms are widely available at office-supply and stationery stores and they are available on this website. One potential problem with printed forms is that they may not contain precisely the language necessary to meet your objectives. If you anticipate particular uses for a power of attorney, it would be wise to consult with those who later may be asked to rely on it. Determine what language they will require to accomplish your goals. For example, if you want to designate someone else to attend to your banking matters for you, meet with your banker to discuss the specific language of your form. Be sure to take your form with you to this meeting. If changes are advisable, make them. It is legal to make changes in pre-printed forms. However, it is recommended that you sign or initial these changes in the margins of your form. Give the original to the person who is designated to act on your behalf. Be sure to keep a copy for yourself. If you have any questions about powers of attorney, direct them to a lawyer. A simple consultation should be adequate to resolve any problems. Shop around for consultation fees; they vary widely. |