How Does A General Power Of Attorney Differ From A Special Power Of Attorney?
A General Power of Attorney gives very broad powers to the Attorney-in-Fact. It permits an Attorney-in-Fact to do everything which the law permits the Principal to do. Therefore, it is important that you give serious thought to the matter before giving a General Power of Attorney to anyone. A General Power of Attorney would permit the person receiving it to do such things as draw the Principal’s money from the bank, sell the Principal’s property and borrow money in the Principal’s name. A General Power of Attorney gives great flexibility where that is needed, but when the purpose of the Power of Attorney is limited to one or more specific functions, a Special Power of Attorney should be used. A Special Power of Attorney permits the person receiving it to do only those limited acts which are clearly described in the Special Power of Attorney. This section contains both forms; you may select the one that best suits your needs.
