Attorneys Leitchfield KY

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.

Michael Andrew Richardson
308 W 15TH ST
HOPKINSVILLE, KY
Education
Vanderbilt
State Licensing
Tennessee

Thomas William Breidenstein
(859) 344-9500
533 Centre View Blvd.
Crestview Hills, KY
Education
Northern Kentucky University
State Licensing
Ohio

waverley townes
(502) 589-4404
suite 1900 401 w main st
Louisville, KY
Specialties
Elder law

Data Provided by:
Suleiman Oseikhuemen Oko-Ogua
(606) 638-9900
Po Box 1083no Dr, 314 E Madison St
Louisa, KY
State Licensing
Maryland

Jeffrey R. Waldo
(270) 415-3956
235 High Point Dr
Paducah, KY
State Licensing
Pennsylvania

Clifton Miller Iler
(859) 323-0463
3021 Charleston Gardens Blvd.
Lexington, KY
Education
University of Kentucky
State Licensing
Georgia

Tracey Michelle Johnson
(859) 578-4680
1885 Dixie Highway Ste. 210
Ft. Wright, KY
Education
University of Cincinnati
State Licensing
Ohio

Kristin Kaleniecki Booth
1097 Riverwalk Drive
Hebron, KY
Education
Wayne State University
State Licensing
Ohio

Patrick Herman Noble
223 1/2 1ST ST
HENDERSON, KY
Education
UNIV LOUISVILLE
State Licensing
Tennessee

Stephen Matthew Venard
(859) 291-3533
463 Commonwealth Ave
Erlanger, KY
Education
Northern Kentucky University
State Licensing
Ohio

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