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POWERS OF ATTORNEY What Do I Need to Know What is a “Power of Attorney” It is a document that you sign to give someone else the power or authority to handle your personal affairs.. You can give the person you appoint very specific and narrow powers: for example, “the power to deposit my pension check in my bank account.” Or you can give the person you appoint very broad authority: for example, “the power to do anything I could do if I were present.” How Long Does a Power of Attorney Last A simple power of attorney is valid only as long as you have the capacity to handle your own affairs.. How do I tell if it is a durable power of attorney Look for these words: “This Power of Attorney shall not be affected by subsequent disability or incapacity of the principal” or “This power of attorney shall become effective upon the disability or incapacity of the principal.” The law requires the use of these words, or similar words that show your intent to have the power continue even after you are incapacitated, in every durable power of attorney.. Exercise options under retirement plans I further authorize to act as my “watchdog” to obtain and receive information from my Attorney- in-Fact named above, or to obtain and receive information from any third party with whom my Attorney- in-Fact has had contact, whenever my “watchdog” deems appropriate.. Any third party releasing information Regarding the acts and actions of my Attorney- in-Fact shall not be liable for the release of such information, confidential or otherwise, to my “watchdog.” The third party releasing the information need not advise the Attorney- in-Fact of the inquiry or of the inquiry or of the information released..
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