Special Power of Attorney
Definition of 'Special Power of Attorney'
A special power of attorney can be used for a variety of purposes, such as:
* Selling or buying real estate
* Managing your finances
* Making medical decisions
* Executing your will
To create a special power of attorney, you will need to meet with an attorney. The attorney will help you draft the document and make sure that it meets all of the legal requirements.
Once the document is drafted, you will need to sign it in front of a witness. The witness must be someone who is over the age of 18 and is not a party to the document.
The special power of attorney will go into effect immediately after you sign it. However, you can revoke it at any time by signing a new document or by destroying the original document.
It's important to note that a special power of attorney does not give the person you appoint the power to make gifts on your behalf. If you want to make a gift, you will need to do so yourself.
A special power of attorney is a powerful tool that can be used to give someone else the power to make important decisions on your behalf. However, it's important to use this tool wisely and only when necessary.
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