What Is General Power of Attorney?
Date Updated: July 26, 2024
Written by:
With over a decade of dedicated experience, Andrea Miller boasts an extensive background in healthcare writing and editing. Her expertise spans various facets of the healthcare industry, with a particular focus on nursing, senior care, Alzheimer’s disease, and public health. Andrea has also contributed her editorial talents to reputable publishers in the Philadelphia region, complementing her extensive freelance work.
Each state has its own rules for the general power of attorney. Typically, you must be of sound mind and understand that you’re creating a legal arrangement. In most locales, you have to sign the general power of attorney document in front of a certified notary public.
What does a general power of attorney cover?
The general power of attorney details specific actions the agent can do for you. For example, you can allow them to:
- Manage your financial accounts and transactions
- Enter contracts and legal agreements
- Make investment decisions
- Handle real estate sales, purchases and transactions
How long does a general power of attorney last?
General power of attorney lasts until it no longer fits your needs. A general POA may automatically terminate if you are incapacitated, depending on the laws in your state. That said, there is the option to establish a durable power of attorney, which doesn’t expire. If you have an expiration date in mind, you can create a nondurable power of attorney.