A general Power of Attorney is used by the principal to allow the
agent to handle all of his or her affairs during a period of time when
he or she is not capable of doing so, for example, when the principal is
traveling out of the country for a long time span or when he or she is
physically or mentally unable to handle his or her affairs. Any adult
who is of sound mind and is competent to contract can execute a general
Power of Attorney in favor of another adult who is of sound mind and is
competent to contract.
A general Power of Attorney
usually reads: \"Be it known, that [insert name] has made and appointed,
and by these presents does make and appoint [insert name] true and
lawful attorney for him/her and in his/her name, place and stead, giving
and granting to said attorney, general, full and unlimited power and
authority to do and perform all and every act and thing whatsoever
requisite necessary to be done in and
about the premises as fully, to
all intents and purposes, as could be done if personally present...\"A
general Power of Attorney should only be given to someone the principal
trusts implicitly, as it allows the agent to do everything the
principal could do if he or she were present. Therefore, a general Power
of Attorney has enormous potential for abuse. If the person who holds
the principal\'s general Power of Attorney cannot be trusted or turns
against him or her,
the principal\'s car could be sold or bank account depleted. It is
because of these potential dangers that a limited Power of Attorney
rather than a general Power of Attorney is advisable.
2/19/14
General Power of Attorney
CW BOOKINGAN HOTEL
Source: Free Articles from ArticlesFactory.com
Power Of Attorney Forms
provides detailed information on power of attorney, power of attorney
forms, medical power of attorney, limited power of attorney and more.
Power Of Attorney Forms is affiliated with Athetoid Cerebral Palsy Lawyers.
Subscribe to:
Post Comments
(
Atom
)