A general power of attorney relates to financial matters.
There are various types of powers of attorney that you may want in place so that you can appoint someone you trust to make decisions and handle matters on your behalf. At Fleischer Law Office, PLLC, located in Hickory, North Carolina, we can assist you with drafting documents and guide you on which type is best for your situation.
One type that we can explain to you is a general power of attorney. This type of document gives your agent quite broad powers regarding your property and assets. If you only want to allow certain powers, you would need a limited power of attorney. If you want it to be in effect if you become incapacitated, you need a durable general power of attorney rather than a nondurable one. In all cases, a power of attorney ends upon death, so it cannot be used in place of a trust or last will and testament.
General powers of attorney relate to financial matters, so they are not the same thing as medical powers of attorney. If you want someone to have the authorization to make medical decisions for you if you cannot voice them yourself, you’ll need a medical power of attorney. Most people choose to have both in place.
It is important to note that you should choose your general power of attorney very carefully. Although they are legally obligated to act in your best interests, it can be challenging to counter a situation in which they have acted inappropriately. You should also take care to outline exactly what actions you are authorizing. We are happy to go over the various choices with you so you can include all possible powers or exclude certain ones.