Power of Attorney

power of attorneyIt’s important to think of yourself and those people that are near and dear to us. It may be children, spouse, other close family, or a special friend whose life is impacted but choices and decisions that you make. More often, it’s the actions on these choices, left unmade, that have the greatest impact of all!

Therefore, I think it’s wise to be familiar with these terms:

POWER of ATTORNEY

Definition: An instrument containing an authorization for one to act as the agent of the principal that terminates especially upon revocation by the principal or death of the principal or agent. This is also called a letter of attorney

DURABLE POWER of ATTORNEY

Definition: A power of attorney that becomes effective upon the principal’s becoming incompetent or unable to manage his or her affairs and that is often used as a form of advance directive.

See also, LIVING WILL

Definition: A document in which the signer indicates preferences or directions for the administration and esp. the withdrawal or withholding of life-sustaining medical treatment in the event of terminal illness or permanent unconsciousness.

See also, ADVANCE DIRECTIVE (also known as Health Care Directive,  Representation Agreement, or Living Will)

Definition: A document (as a living will or durable power of attorney) in which a person expresses his or her wishes regarding medical treatment in the event of incapacitation.

GENERAL POWER of ATTORNEY

Definition: A power of attorney authorizing the agent to carry on business or an enterprise for the principal -compare Special Power of Attorney.

IRREVOCABLE POWER of ATTORNEY

Definition: A power of attorney that cannot be revoked by the principal.

SPECIAL POWER of ATTORNEY

Definition: A power of attorney authorizing the agent to carry out a particular business transaction for the principal.

Please Note: No claim is made or implied that any advice given here is any more than advice. When investigating or creating any legal document you should always secure the services of a Lawyer in good standing with expertise in your field of inquiry.

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