What Are the Two Types of Powers of Attorney
In the simplest sense, power of attorney is a power that one person grants to another person to make decisions on their behalf. This power can be permanent, conditional, or temporary. It might only be for a certain amount of time. In a conditional power of attorney arrangement, it might simply cover a period of time until a person is no longer incapacitated. In such scenarios, there are two different kinds of power of attorney. There is property and financial affairs power and health and welfare power.
The Powers of Attorney
The rated powers of attorney in Sutton Coldfield can give you peace of mind that your affairs will be in order. Here is some more information about the two different types of powers:
- A property and financial affairs power grants the person of your choosing the ability to make decisions about your property and your money. They can therefore enter contracts, sell property, buy property, and make other financial decisions.
- A health and welfare power gives the person of your choosing the ability to make decisions about your health and your medical treatment. They’ll be able to sign off on different procedures if you are unable to do so yourself.
How to Obtain This Power
If you’re looking to grant power of attorney to someone or you need to get it from someone, you need to speak to an attorney. This is a very powerful position you are going to be placed in. Therefore, you need to make sure that you are covering all your legal bases. It needs to be an ironclad legal document that grants you this power. A good attorney will need to help you write such a document.