What types of Power of Attorney are there?

There are several types of power of attorney:

1. General Power of Attorney: This type of power of attorney gives the agent broad authority to act on behalf of the principal in various matters, including financial, legal, and business affairs.
2. Limited Power of Attorney: This type of power of attorney grants the agent the authority to act on behalf of the principal for specific purposes or a limited period.
3. Durable Power of Attorney: This type of power of attorney remains in effect even if the principal becomes incapacitated or unable to make decisions.
4. Springing Power of Attorney: This type of power of attorney only takes effect if and when a specific event or condition occurs, such as the principal becoming incapacitated.
5. Medical Power of Attorney: This type of power of attorney gives the agent the authority to make medical decisions on behalf of the principal in case of incapacity.
6. Financial Power of Attorney: This type of power of attorney grants the agent the authority to manage the principal’s financial affairs in case of incapacity.