Power of Attorney
A power of attorney is a legal document created for a person (called principal) to name an individual or company (called agent) to act as his or her behalf when the person in unable to do so. This allows the agent to pay bills, take care of property, buy and sell assets, etc. on behalf of the principal as if the principal were doing so himself or herself. A general power of attorney is broadly drafted to allow the agent the flexibility to do anything the principal could do. A limited power of attorney limits the ability of the agent to conduct only those powers specifically identified, such as pay bills, child support, etc. and can limit the duration of the power of attorney. A durable power of attorney remains in effect from the date of signing until either it is revoked or until the principal’s death.