Attorneys Anchorage AK

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.

Patrick Joseph Coughlin
(907) 865-4709
Po Box 241747
Anchorage, AK
Education
Golden Gate Univ SOL,Duke Univ
State Licensing
California

Peter W Giannini
(907) 229-1199
PO Box 241827
Anchorage, AK
State Licensing
Oregon

Juliana Rinehart Cobb
(907) 339-6515
300 W 31st St
Anchorage, AK
Education
Wake Forest University
State Licensing
Georgia

Frederick Jon Odsen
(907) 274-7522
3900 C St Ste 1001
Anchorage, AK
State Licensing
Washington

Kenneth Eugene Vassar
(907) 276-1550
2220 North Star St #24
Anchorage, AK
State Licensing
Oregon

Kathleen M. Scanlon
(907) 222-3970
Po Box 242044
Anchorage, AK
State Licensing
Michigan

Terri Kittrell Bozkaya
560 E 34th Ave Ste 200
Anchorage, AK
Education
NASHVILLE
State Licensing
Tennessee

Tasha Mary Porcello
(907) 222-5330
2525 BLUEBERRY RD STE 102
ANCHORAGE, AK
State Licensing
New York

Frank A. Butto
(907) 742-3999
1052 Potlatch Cir
Anchorage, AK
Specialties
General Practice
State Licensing
Washington

Andrena L. Stone
(907) 563-8844
3000 A St Ste 300
Anchorage, AK
State Licensing
Washington

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.

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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.


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