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The 4 Types of Powers of Attorney - EXPLAINED
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There’s an important document that everyone should know about: a power of attorney. But there are many kinds of power of attorney documents — so which one do you need?
Do you have an ailing relative who wants to let you make important medical decisions about end-of-life care? Would you like to have someone who could watch over your finances in case you are in an accident? A power of attorney, a legal instrument that lets someone act on behalf of another, can help with these matters and many more.
In this video, we’ll show you how the different kinds of powers of attorney work, and:
- What a power of attorney can do, and whom you should tell that you’ve created one
- When your power of attorney agreement becomes effective
- The difference between a power of attorney and a living will
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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0:00 Intro
0:47 Special Or Limited Power Of Attorney
1:23 General Power Of Attorney
1:34 A General Power Of Attorney Can
2:14 Durable Power Of Attorney
3:26 Medical Or Healthcare Power Of Attorney
4:02 Living Wills Or Advanced Treatment Directive
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