What is a power of attorney?

A power of attorney is a document in which one person (known as the “principal”) authorizes another person (known as the “agent”) to act on their behalf. The document gives the agent the authority to make legal decisions and take action on behalf of the principal. In California, there are two types of powers of attorney: general and durable. A general power of attorney gives the agent broad decision-making powers, including the ability to buy or sell property, handle bank transactions, manage investments, and make legal decisions. This type of power of attorney is usually used when someone is unable to manage their own affairs. A durable power of attorney is similar to a general power of attorney in that it gives an agent the power to make legal decisions and take action on behalf of the principal. However, a durable power of attorney remains valid even if the principal becomes incapacitated and can no longer make decisions for themselves. This power of attorney is often used to help elderly individuals who can no longer manage their own affairs. In California, both types of powers of attorney must be signed and notarized. It is important to consult an attorney when creating these documents to ensure they are legally binding and properly executed.

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What is a power of attorney?

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