What is a Power of Attorney?
A power of attorney is a written document that gives an individual (called an agent or attorney-in-fact) power to act on your behalf. The scope of that power may be specific to a particular activity (e.g. closing the sale of your home) or general in its application to a whole variety of legal and financial matters. The document can also specify whether the powers will take effect immediately, or upon the occurrence of an event. Powers of attorney generally terminate upon the death of the person granting the power. Also, unless the power is “durable,” it generally terminates if the person granting the power becomes incapacitated.
To learn more about Powers of Attorney, please contact Seiter Law directly.
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