What Are The Differences Between General Power Of Attorney And Special Power Of Attorney?

A general power of attorney is prepared to provide one individual (Attorney-in-fact) with the right to execute some activities on the behalf of another individual (Principal). A special power of attorney, on the other hand, is particular to property matters in which attorney-in-facts can take decisions for principals as well as carry out different types of activities on the basis of those decisions. Know about some of the main differences between General Power of Attorney and Special Power of Attorney. Please visit this site to ​​get a sample power of attorney form.

Kind of power and authorization

A general power of attorney provides the agent with broad authorizations. He can take business, financial, legal or medical decisions on behalf of the principal or the grantor of the document. However, a special power of attorney helps narrow down the kind of choices that can be made by the agent. It is possible to make quite a few POAs of various types, with varied agents for each of them.

Revoking of powers

General Power of Attorney always happens to be an irrevocable legal document, and the principal or the grantor of the POA has to take all the actions that are mentioned in the POA form. On the contrary, a SPA or Special Power Of Attorney is completely irrevocable. The principal has to ratify every activity under the SPA.

Specific and non-specific

A General Power of Attorney is not specific in form, and the attorney-in-fact can get the authority to take business, financial, healthcare and legal decisions – although not real-estate decisions. The attorney-in-fact is granted authority by the principal as the latter is not in a position to take his own decisions due to some reason. However, a Special Power of Attorney form is a specific legal document in nature, although here too the attorney-in-fact is granted the authority as the principal cannot take decisions on his own.

To learn more about drafting an Arkansas power of attorney online, visit this website.

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