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.

Thomas Anthony Coz
(859) 342-3618
1261 Pacific Avenue
Erlanger, KY
Education
University of Cincinnati
State Licensing
Ohio

Charles Raymond Keckler III
500 W Jefferson St Ste 2700
Louisville, KY
Education
UNIV TULSA
State Licensing
Tennessee

William Joseph Walsh IV
(502) 584-1000
Tilford Dobbins Alexander Buckaway Black, 401 West Main St., Ste. 1400
Louisville, KY
Education
Harvard University
State Licensing
Georgia

Nicole Marie Staffieri Coffey
(502) 589-5400
400 West Market St 32nd Fl
Louisville, KY
State Licensing
Illinois

C. Samuel Whitehead
(859) 367-0136
336 Cedar Mill Cir
Lexington, KY
Education
University of Kentucky College of Law
State Licensing
Florida

John Peter Antony
(859) 992-7860
1 Katherine Court
Highland Heights, KY
Education
Northern Kentucky University
State Licensing
Ohio

David C. W. Stuart
102 North Main Street, P.O. Box 1179
Versailles, KY
State Licensing
Arkansas

John G. Holland Jr.
1261 Cherokee Rd.
Louisville, KY
State Licensing
North Carolina

Robert Linley Dawson
(859) 344-1188
250 Grandview Dr, Ste 200
Ft. Mitchell, KY
Education
Northern Kentucky University
State Licensing
Ohio

Tatiana Belenkaya
(502) 583-7012
716 W Main St, Suite 201
Louisville, KY
Education
Cleveland State University
State Licensing
Ohio

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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