POA: Types, Rights & Revocation

Power of Attorney: Frequently Asked Questions

1. What is a Power of Attorney (POA)?

A Power of Attorney is a legal document that allows one person (the agent or attorney-in-fact) to make decisions or take actions on behalf of another person (the principal). It can cover financial, legal, or healthcare matters depending on the type you create.

2. What are the different types of Power of Attorney?

The main types include General, Durable, Limited (Special), and Medical (Healthcare) Power of Attorney. Each grants different levels of authority and may take effect immediately or only under certain conditions, such as incapacity.

3. How long does a Power of Attorney last?

A Power of Attorney remains valid until it is revoked, expires by its own terms, or the principal passes away. A Durable Power of Attorney stays in effect even if the principal becomes incapacitated.

4. Can a Power of Attorney be revoked or changed?

Yes. As long as the principal is mentally competent, they can revoke or change their Power of Attorney at any time. It’s best to do this in writing and notify any institutions or parties who relied on the original document.

5. Why do I need a Power of Attorney?

A Power of Attorney ensures someone you trust can manage your affairs if you’re unable to. Without one, loved ones may need to go through court proceedings to obtain authority, which can be stressful and time-consuming.