A Powers Of Attorney (POA) is a document that permits you to appoint a person or organization to manage your affairs if you are unable to do so. However, not all POAs are created equal. Each type gives your attorney-in-fact (the person who will be deciding on your behalf) a different level of control. Types of Powers of Attorney General Power Of Attorney A general power of attorney gives a broad right to a person or organization (known as an agent or attorney-in-fact) to act on your behalf. These powers include the handling of financial and commercial transactions, the purchase of life insurance, the settlement of claims, the realization of commercial interests, the realization of gifts and the provision of professional help. If you will be out of the country and have someone to handle certain matters or when you are physically or mentally incapable of managing your affairs, is an effective tool. A general power of attorney is often included in an estate plan to...
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