Power of Attorney

Question 1

Writing Req.

Answer 1

-Power of Attorney must be in writing. Can be written to be either general (full) or limited to special circumstances.

Question 2

Termination & Revocability of Power of Attorney

Answer 2

• A power of attorney is generally terminated when the principal dies or becomes incompetent
• Principal can also revoke the power of attorney at any time.

Question 3

Durable Power of Attorney

Answer 3

Continues agency relationship beyond the incapacity of the principal.