Attorneys Sioux Falls 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.

Nathan Schyler Schoen
(605) 335-4950
100 Phillips Av N #901
Sioux Falls, SD
State Licensing
Minnesota

Robert Dean Junso
300 N Dakota Ave #204
Sioux Falls, MN
State Licensing
Minnesota

Jennifer Elaine Bunkers
101 Phillips Av N #600, Po Box 5015
Sioux Falls, SD
State Licensing
Minnesota

Kulani Rachel Moti
(605) 367-4242
413 Main Av N
Sioux Falls, SD
State Licensing
Minnesota

Wayne Leroy Fanebust
(605) 334-7830
705 S Phillips Ave
Sioux Falls, SD
Education
Western State Univ,Univ of California at Los Angeles
State Licensing
California

Heath Ryan Oberloh
(605) 332-5999
110 Minnesota Av N #400
Sioux Falls, SD
State Licensing
Minnesota

Gary Davies Aronson
(775) 831-2136
Box 02085544
Sioux Falls, SD
Education
UCLA SOL,Univ of California at Los Angeles
State Licensing
California

Steven D Sandven
(605) 332-4408
300 Bldg 300 North Dekota Ave, Suite 106
Sioux Falls, SD
State Licensing
DC

Jennifer L Riley
600 S Main Ave, #102
Sioux Falls, SD
State Licensing
Minnesota

Bradley C Grossenburg
300 South Phillips Ave #300, P O Box 5027
Sioux Falls, SD
State Licensing
Minnesota

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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