About Us – Definitions – Power of Attorney

About Us – Definitions – Power of Attorney
July 6, 2016 nodinx

A Power of Attorney is a document you create, where you appoint someone else to act for you. The person who creates the document is the “principal” and the person who is appointed is the “agent.” There are several “kinds” of powers of attorney: general, specific, durable, and springing. Powers of attorney can be very helpful if you become incapacitated, because if you have created one, you have already appointed someone to take care of your affairs. However, Powers of Attorney can be misused, so you should be very careful when appointing someone as your “agent.” It is very important to note that you cannot create a valid Power of Attorney if you do not have the capability to understand the document that you are signing.