What is a general power of attorney?
A General Power of Attorney is a legal document that gives an individual, called your "Attorney-in-Fact," (typically a spouse or loved one) the authority to act on your behalf in financial matters. The timing, circumstances, and specific powers associated with that authority are all choices that would be set forth in the body of the document. This authority can be quite broad or extremely limited, in keeping with your choosing.
What is a General "Durable" Power of Attorney?
People often hear the term "Durable" associated with Power of Attorney documents or in legal discussions. This term just indicates the circumstances under which you want your General Power of Attorney to be effective.
"Durable" describes authority that continues to be effective regardless of your mental incapacity.
What is a General "Springing" Power of Attorney?
Much like "Durable," "Springing" is a legal term to describe the circumstances under which your representative's authority is effective.
"Springing" describes authority that only becomes effective should you become mentally incapacitated.
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