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For most people, the best option is a general durable power of attorney as it gives your agent broad powers that remain effective even if you become unable to handle your finances.
A power of attorney may be: special (also called limited), general, or temporary. A special power of attorney is one that is limited to a specified act or type of act. A general power of attorney is one that allows the agent to make all personal and business decisions [9] [10] A temporary power of attorney is one with a limited time frame. [11]
A durable power of attorney (DPA) lets someone handle your financial affairs if you become incapacitated, while a healthcare power of attorney defines who can make medical decisions on your behalf.
The UPOAA was designed to correct shortcomings of both the Uniform Probate Code and the Durable Power of Attorney by superseding them both. It consisted of four distinct articles: [5] The general rules governing the "creation and use" of power of attorney; The definitions used by the UPOAA; An optional form for use in granting power of attorney
A springing power of attorney takes effect (or "springs") after you have been incapacitated or are otherwise unable to act on your own behalf. Until then it has no effect, meaning that you can ...
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