Attorneys Providence RI

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.

Mark H Grimm
(401) 274-7400
685 Westminster Street
Providence, RI
State Licensing
Massachusetts

Anthony J Bucci Jr
(401) 831-4200
155 South Main Street, Suite 405
Providence, RI
State Licensing
Massachusetts

Ronald Robert Warr Jr.
(401) 437-2600
275 Reservoir Avenue
Providence, RI
State Licensing
Massachusetts

Eugene D. Carlino II
(401) 831-9000
410 South Main Street
Providence, RI
State Licensing
Massachusetts

Michael A. Gauvin
(401) 421-1500
One Turks Head Place, 76 Westminster St Suite 600
Providence, RI
State Licensing
Massachusetts

Gail E McCann
(401) 276-6527
2800 FINANCIAL PLZ
PROVIDENCE, RI
State Licensing
Massachusetts

Michael G Sarli
(401) 274-6644
One Turks Head Place
Providence, RI
State Licensing
Massachusetts

James M Green
(401) 863-9900
BROWN UNIVERSITY 110 S MAIN ST
PROVIDENCE, RI
State Licensing
Massachusetts

Lauren K. Perry
(401) 632-0911
144 Westminster Street, Suite 302
Providence, RI
State Licensing
Massachusetts

Alexis T. Williams
(401) 222-3943
250 Benefit Street
Providence, RI
State Licensing
Massachusetts

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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