Can a power of attorney be special or general True False?

Asked by: Keara Erdman  |  Last update: September 10, 2023
Score: 4.7/5 (29 votes)

While a special power of attorney gives the agent authority for a limited set of actions under a restricted set of circumstances—such as buying or selling a home, withdrawing money from an account, or running a business—a general power of attorney is more broad.

What is the most powerful power of attorney?

Durable power of attorney

The designation can be used for a general or limited power of attorney. For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances.

What's the difference between power of attorney and executor?

An Executor is the person you name in your Will to take care of your affairs after you die. A Power of Attorney names a person, often called your agent or attorney-in-fact, to handle matters for you while you are alive. Generally speaking, your Power of Attorney ceases to be effective at the moment of your death.

What powers does an executor have?

What Power Does an Executor Have?
  • Locating critical documents, like the will, any trusts, deeds, vehicle titles, etc.
  • Obtaining death certificates.
  • Overseeing funeral arrangements and memorial services, if any.
  • Filing the will in probate court.
  • Creating an estate bank account, after obtaining an estate tax number (EIN).

Who has more power executor or Trustee?

If you have a trust and funded it with most of your assets during your lifetime, your successor Trustee will have comparatively more power than your Executor. “Attorney-in-Fact,” “Executor” and “Trustee” are designations for distinct roles in the estate planning process, each with specific powers and limitations.

True or False: Medical Power of Attorney Also Works for Finances

28 related questions found

How many types of power of attorney are there in India?

In India, there are two types of Power of attorney Act: general and special. A general power of attorney lets someone appoint another person to make decisions on his or her behalf if the original owner is unable to do so for any reason.

Who is best to appoint as power of attorney?

There are no special qualifications necessary for someone to act as an attorney-in-fact except that the person must not be a minor or otherwise incapacitated. The best choice is someone you trust. Integrity, not financial acumen, is often the most important trait of a potential agent.

Is power of attorney more powerful than spouse?

If your spouse has given someone else power of attorney over certain matters, you may not have the final say. A power of attorney grants another person or entity decision-making power over some or all matters just as if you decided yourself.

How do I get power of attorney for my husband who has dementia?

If an older adult is unable to understand the power of attorney document and process, the family will need to enlist the help of the local court. A judge can review the case and grant someone in the family (or a court designee) the title of conservator.

Who can override a power of attorney in Indiana?

A Power of Attorney can be overridden by a court-appointed guardian or conservator and the grantor if they maintain decision-making capacity. In addition, a person with the overriding power of attorney can make decisions and take actions that may supersede those of the existing agent designated by the principal.

Who can override a power of attorney UK?

Who can override a power of attorney in the UK? Ultimately the Office of Public Guardian (OPG) or the Court of Protection can remove a power of attorney in the UK.

Who can issue power of attorney in India?

The granter can issue a PoA to anyone who is over 18 years of age and is trustworthy. He can also appoint multiple PoAs and can decide whether they should act jointly or in an individual capacity for specific tasks.

What is a special power of attorney in India?

A special power of attorney (SPoA) is a legal document that authorises one person (referred to as an agent) to act on another's behalf (the principal) if the principal is unable to make decisions for himself, he gives the agent this authority. This Special PoA is property specific.

What is the validity of power of attorney in India?

Another important thing to note here is that a PoA remains valid only till the life of the principal.

Can I sell property with power of attorney in India?

Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

Does power of attorney need to be notarized in India?

—The Court shall presume that every document purporting to be a power-of-attorney, and to have been executed before, and authenticated by, a Notary Public, or any Court, Judge, Magistrate, Indian Consul or Vice-Consul, or representative of the Central Government, was so executed and authenticated.”

Who can use special power of attorney?

A special power of attorney allows a person (the principal) to authorize another individual (the agent) to make legal decisions on their behalf. The agent can act on behalf of the principal only under specific, clearly defined circumstances.

Can power of attorney be registered anywhere in India?

yes, the power of Attorney is valid universal whether given in any state, however, the attorney holder shall not perform any such duty which is not mentioned in the deed itself.

What is the general power of attorney for court cases in India?

In general, a GPA for court cases can empower the Attorney to appear on behalf of the Principal for all matters related to court cases, if so deemed by the GPA document.

How power of attorney is registered in India?

Procedure for Power of Attorney in India

Submit the power of attorney with the Sub-Registrar. Attach the supporting documents with the power of attorney. Attest the power of attorney before the Registrar. Attest of the power of attorney by 2 witnesses.

What is the meaning of POA?

What is a power of attorney (POA)? A power of attorney is a legal document that allows someone else to act on your behalf.

What is a medical power of attorney in Indiana?

An Indiana medical power of attorney, also known as 'Form 56184' or 'Health Care Representative Appointment,' grants power to one person (a “health care representative”) to make medical decisions on another person's (a “principal”) behalf if the latter is incapable of doing so for themselves.

What is a durable power of attorney in Indiana?

Under Indiana durable power of attorney laws, the named individual (or "attorney-in-fact") is granted the ability to make decisions related to care, treatment, and whether to continue life support.

What is a medical power of attorney for a minor in Indiana?

An Indiana power of attorney for minor child is a document that allows one person to appoint another to make medical and educational decisions on behalf of their children for up to twelve (12) months.