Attorneys Wilmington DE

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.

Paul M Lukoff
(302) 225-0866
1300 N. GRANT AVENUE, STE 100
Wilmington, DE
State Licensing
Delaware

Yvonne Thomas Holden
(610) 605-7900
1115 W 9th St
Wilmington, DE
State Licensing
Pennsylvania

Robert A Penza
(302) 652-2900
1925 LOVERING AVENUE
Wilmington, DE
State Licensing
Delaware

Tyler Patrick Nixon
(302) 655-3030
905 N Van Buren St
Wilmington, DE
Education
Univ of Virginia SOL,Georgetown Univ
State Licensing
California

Perry F Goldlust
(302) 483-2000
1426 NORTH CLAYTON STREET
Wilmington, DE
State Licensing
Delaware

Gerard Chamberlain
WILMINGTON TRUST COMPANY, RODNEY SQUARE NORTH
Wilmington, DE
State Licensing
Delaware

Michael A. Digregorio
(302) 651-8793
Wilmington Trust Company, 1100 N Market Street
Wilmington, DE
State Licensing
Pennsylvania

Amy S Cohen
(302) 432-0693
1100 N. KING STREET
Wilmington, DE
State Licensing
Delaware

James Markham
(302) 652-0985
1402 N GRANT AVE
WILMINGTON, DE
State Licensing
Pennsylvania

William E. Gordon Jr.
(302) 774-4415
1007 Market St D-7048
Wilmington, DE
Education
University of Texas
State Licensing
Texas

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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