Friday, February 3, 2012

Specific Power Of Attorney

To grant someone a General Power of Attorney can be a very risky idea. When you do this you are granting the person the power to just about do anything with your affairs for example they could draw money out of your bank account.

This is where the Specific power of attorney comes into play. By issuing someone you trust a specified power of attorney you are authorizing the person to perform a limited act. For example signing a real estate form for you. By doing this you are protecting yourself from any fraudulent transaction that might not be in your best interest. If you are not sure as to what type of power of attorney you may need be sure to consult your attorney.

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