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Differences Between a General and Special Power of Attorney
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Do you want to learn the differences between a general and special power of attorney in Delaware County? Watch this video and call our attorneys for more.
Question:
What is the difference between a general power of attorney and a special power of attorney in Delaware County?
Answer:
The difference between a general power of attorney and a special power of attorney is that a general power of attorney grants the agent acting on your behalf broad powers to act on your behalf. Normally the matters they are acting on are in business and financial matters, settling claims, or the operation of a business.
General powers of attorney are effective tools that are often used in estate planning. A special of attorney grants the agent acting on your behalf special powers. When setting this up, you specify in the paperwork what special powers may be exercised on your behalf by the person you nominate.
Do you have questions about the differences between a general and special power of attorney? Contact our experienced Media, PA Estate Planning Attorneys for a free consultation.
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