Power of Attorney

  • A written authorization which allows someone to act on your behalf in the scope you specify for either financial or healthcare matters.

 

General versus Limited  

  • A General Power of Attorney provides a broad scope of actions for the person you pick, while a limited power of attorney provides narrow and specific range of actions for that person. 

 

Durable/Non-Durable 

  • Durable power of attorneys persist after creator becomes incompetent, but non-durable ones terminate.  

 

Springing/Non-Springing  

  • A springing power of attorney come into effect upon incompetency, which  requires the opinion of a medical professional, whereas a non-springing power of attorney comes into effect on the day it is signed.  

Modifications or Revocation 

  • Can be modified or revoked at any time by the creator as long as they remain competent.