![]() Consider the duration – Determine whether you must last indefinitely or only for a specific period.Assess your needs – Understand why you need a POA and what areas of your life it will cover (financial, medical, etc.).Here’s how you might determine the right type: Sign, Notarize, and Distribute Copies of the Documentĭeciding on the type of power of attorney depends on your individual needs and circumstances.Limited POA for Real Estate: A person purchasing a home may grant a power of attorney to someone they trust to execute closing documents if they cannot attend the closing.Limited POA for Child Care: A parent may grant a power of attorney to a babysitter or nanny to authorize medical treatment in an emergency while the child is in their care.Military POA: A military service member may grant a power of attorney to a spouse or trusted family member to handle their affairs while deployed overseas.Durable POA for Finances and Healthcare: An elderly person may grant a power of attorney to a family member or friend to help manage their finances or make medical decisions if they cannot do so themselves.Durable POA for Business: A business owner may grant a power of attorney to a trusted employee to sign contracts or conduct financial transactions on behalf of the company when the employee is out of town or unavailable. ![]() Uniform Power of Attorney Act (UPOAA) in Section 102(7) (page 7) defines power of attorney as:’ If you become incapacitated without designating an agent, a loved one or family member may need legal guardianship from a court to help with your affairs. ![]() When completing the paperwork, the Principal will provide the essential details about the agent and what actions they may take on behalf of the principal. With a POA, an individual (the “principal“) can choose another person (the “agent” or “attorney-in-fact“) to make confident decisions on their behalf. Someone serving as a Power of Attorney can act for someone else in specific financial, health-related, or personal matters.
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