Special Power of Attorney
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How to draft a special power of attorney? Do you need a good example of a Special Power of Attorney? Download Special Power of Attorney Template now!
We provide a professional Special Power of Attorney letter, which consists of a Power of Attorney agreement and contains the necessary format to arrange the power of attorney under special conditions. After signing this form, you allow somebody else that you trust with acting on your behalf.
What is a special power of attorney?
Before we explain the difference between a general and special power of attorney, it’s important to first cover what a power of attorney is. A power of attorney is a legal document that authorizes another person, the so-called Agent, to act on behalf of the person who created the Original Special Power Of Attorney, which is also known as the Principal, in the event that the principal cannot make that decision his or herself. This Special Power of Attorney template is screened and often updated by Legal professionals, however, if you have any doubts this is the correct version, always seek for professional local legal advisors.
But what is the difference between a general and special power of attorney?
A general power of attorney allows for generic authorizations to the Agent. The Agent may be able to make certain legal, financial, business, or medical decisions. In this Special Power of Attorney, it is narrowed down to what specific choices the Agent can make. You can even make several different POAs, with different Agents for each agreement. For example, you could create a special power of attorney which only allows your Spouse to make financial decisions on your behalf to a certain amount. And you could create another POA that would grant a Business Partner the ability to use certain assets to care for your business in the event you become incapacitated. Or, to summarize: a special power of attorney allows you to let somebody act more specific on your behalf.
Other types of POA's:
Besides Special, also Limited Authorization letter / POA's, you also have:- Ordinary or Non-Durable Authorization letter or POA.
- Enduring/Lasting or Durable Authorization letter or POA.
- Special or Limited Authorization letter or POA.
- Medical Authorization letter or POA.
- Springing Authorization letter or POA.
Download this Special Power of Attorney if you are in this situation and save yourself the time, costs or effort now and especially to prevent you from problems in the future!
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