Preparing a Power of Attorney: Difference between revisions
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→It can help if you physically can't take care of matters
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There are several reasons you might make a power of attorney. A power of attorney can be a good option if you are physically unable to look after your affairs due to travel or injury. | There are several reasons you might make a power of attorney. A power of attorney can be a good option if you are physically unable to look after your affairs due to travel or injury. | ||
A power of attorney enabling someone to look after your affairs while you are traveling would be an example of a '''limited power of attorney'''. This is also called a specific power of attorney. Your attorney’s powers are limited to a specific task or a specific period of time. For example, you give someone power of attorney to sign the papers on the sale of your home while you’re out of the country on vacation. | A power of attorney enabling someone to look after your affairs while you are traveling would be an example of a '''limited power of attorney'''. This is also called a '''specific power of attorney'''. Your attorney’s powers are limited to a specific task or a specific period of time. For example, you give someone power of attorney to sign the papers on the sale of your home while you’re out of the country on vacation. | ||
===It can help if you become mentally incapable=== | ===It can help if you become mentally incapable=== | ||