power of attorney
What, if any, is the difference b/w durable power of attorney and general power of attorney?
2 thoughts on “power of attorney
What, if any, is the difference b/w durable power of attorney…”
Re: power of attorney
A durable power of attorney means that the power remains in effect even after the person who signed it becomes incapacitated. A general power of attorney means that it can be used for many purposes – banking, real estate transfers, dealing with automobiles, retirement accounts life insurance, etc. – instead of just one purpose like signing checks on one account, or selling a piece of real estate.
A general power of attorney can be durable, and a durable power of attorney can be general. They are often called A General Durable Power of Attorney to make it clear that they are both general and durable.
Leanna Hamill
Leanna Hamill, Attorney at Law, P.C.
160 Old Derby St. Suite 456
Hingham, MA 02043
Re: power of attorney
Durable Power of Attorney comes into effect when one is no longer capable of handiing one’s affairs. A regular power of attorney is current and will terminate when the grantor of the power is no longer capable of handling their own affairs. You can have a DPOA with current effect so it works currently and when one becomes disabled.
If you have more questions, please feel free to contact me without obligation.
Jonathan Roth
Donovan Hatem LLP
Two Seaport Lane 8th floor
Boston, MA 02210
Re: power of attorney
A durable power of attorney means that the power remains in effect even after the person who signed it becomes incapacitated. A general power of attorney means that it can be used for many purposes – banking, real estate transfers, dealing with automobiles, retirement accounts life insurance, etc. – instead of just one purpose like signing checks on one account, or selling a piece of real estate.
A general power of attorney can be durable, and a durable power of attorney can be general. They are often called A General Durable Power of Attorney to make it clear that they are both general and durable.
Leanna Hamill
Leanna Hamill, Attorney at Law, P.C.
160 Old Derby St. Suite 456
Hingham, MA 02043
Re: power of attorney
Durable Power of Attorney comes into effect when one is no longer capable of handiing one’s affairs. A regular power of attorney is current and will terminate when the grantor of the power is no longer capable of handling their own affairs. You can have a DPOA with current effect so it works currently and when one becomes disabled.
If you have more questions, please feel free to contact me without obligation.
Jonathan Roth
Donovan Hatem LLP
Two Seaport Lane 8th floor
Boston, MA 02210