Attorneys Aberdeen SD

I'll assume the phrase "power of attorney plus" is akin to a durable power of attorney as it relates to the term nondurable power of attorney. The former is a general authorization for a person's ("principal's") designated person ("agent") to act for or on behalf of the principal. Contrary to a nondurable power of attorney, which is used for a specific transaction, a durable power of attorney is broad in scope and is in effect until revoked by the principal, or upon that principal's death.

Stacy Marie Johnson
(605) 225-2232
305 Sixth Av Se, Po Box 970
Aberdeen, SD
State Licensing
Minnesota

Schutz, Raymond M - Siegel Barnett & Schutz Llp
(605) 225-5420
415 South Main Street
Aberdeen, SD

Data Provided by:
Matthew F Mcguire
(605) 719-0100
440 Mount Rushmore Road
Rapid City, SD
State Licensing
DC

Scott James Odenbach
(605) 642-2622
1230 North Ave Ste 8
Spearfish, SD
Education
University of South Dakota School of Law
State Licensing
Florida

William A. Williams
(605) 399-6044
Pennington Public Defender Ofc, 315 St Joseph St
Rapid City, SD
State Licensing
Pennsylvania

Christopher Allan Jung
Po Box 490
Aberdeen, SD
State Licensing
Minnesota

Mark Harold Bonke
(605) 388-8787
6509 Muirfield Drive
Rapid City, SD
State Licensing
Colorado

Brian Gene Iverson
(605) 721-1700
Po Box 1400
Rapid City, SD
State Licensing
Minnesota

Brett Alan Lovrien
200 E 10th St #200
Sioux Falls, SD
State Licensing
Minnesota

John William Burke
(605) 348-7516
4200 Beach Dr #1
Rapid City, SD
State Licensing
Minnesota

Data Provided by:

Defining Terms

Q: Can you please explain the difference between Power of Attorney and Power of Attorney Plus

 

I'll assume the phrase "power of attorney plus" is akin to a durable power of attorney as it relates to the term nondurable power of attorney. The former is a general authorization for a person's ("principal's") designated person ("agent") to act for or on behalf of the principal. Contrary to a nondurable power of attorney, which is used for a specific transaction, a durable power of attorney is broad in scope and is in effect until revoked by the principal, or upon that principal's death.

An example of use for a nondurable power of attorney is when one needs to close on a sale of a residence or business and is traveling abroad or is not otherwise available to attend. An agent (often an attorney) is given a notarized nondurable power of attorney to facilitate execution of that transaction. An example of a durable power of attorney is when the principal is not physically or mentally competent to make a decision, and prior to reaching that state (or by court order) authorizes an agent to act on their behalf.

While an agent is obligated to act in the principal's best interests, one must be careful as a power of attorney is a powerful document that can be abused, particularly durable powers of attorney. Indeed, an unscrupulous agent can abuse that authority and transfer the principal's assets or property to themselves or others. Make sure the agent is trustworthy, and provide for an auditing mechanism by you or a disinterested third party where feasible to help ensure that all is handled properly. Also remember that different jurisdictions have different rules for powers of attorney, so the assistance of council is recommended.

__________________________________

DISCLAIMER: This publication is distributed with the understanding that it does not constitute legal advice or establish an attorney/client relationship by way of any information contained herein. The information provided is for general purposes only, as readers are advised to consult with a qualified lawyer regarding the specifics of their particular circumstances.


Set as favorite Bookmark Email this Comments (0) Add Comment feedSubscribe to this comment's feed
Write comment You must be logged in to post a comment. Please register if you do not have an account yet. busy

Click here to read more from Single Edition