What is a durable power of attorney?
A Durable General Power of Attorney is perhaps the most powerful legal document that can be written. In short, a power of attorney is a document that gives another person the absolute power and authority to sign anything that you can sign, to virtually do anything you can do yourself. In other words, a person who has your “power of attorney” (attorney-in-fact) acts in your place. Such a person actually signs your name and adds their signature with the phrase “under power of attorney.” An attorney-in-fact can sell your house, file a lawsuit in your name, apply for loans, credit cards, etc.
Giving someone your power of attorney is a very serious decision, so before you execute a durable general power of attorney, consult a lawyer.
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August 24, 2010 at 1:58 pm (UTC -4)
[...] A power of attorney is perhaps the most powerful legal document which has ever been created. It grants a person the absolute authority to act as if that person were, in fact, you. Should you really execute a power of attorney form without the counsel of an attorney who can advise you? Is a power of attorney what you really need? Perhaps there is a better solution to your issue. Review: What is a Durable Power of Attorney [...]
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