A power of attorney is a legal authorization that gives a designated person the power to act for another who is called the principal
The most common type of Power of Attorney (POA) is limited to a specific and well-defined legal act or set of actions to accomplish a particular task or purpose.
Limited Power Of Attorney – For A Limited Purpose
A POA is commonly used in consumer transactions that require the execution of different types of documents, such as a car dealer that is acting on the buyer’s authority to register a newly purchased vehicle with the DMV. This is referred to in elder law as a limited power of attorney and is used for a specific purpose.
General Power of Attorney – Broad Powers
Sometimes a General Power of Attorney is necessary because a person can no longer manage their business and personal affairs due to age or illness (such as dementia) and is rendered without sufficient mental capacity to care for themselves.
