Power of Attorney Flashcards
1
Q
Power of Attorney
A
Authorization to act on someone’s behalf in a legal or business matter
2
Q
Power of Attorney Requirements
A
Must be in:
(1) Writing; or
(2) Electronic record, signed, and dated
3
Q
Power of Attorney: General
A
Allows agent to handle all affairs during a period of time when principal unable to do so
4
Q
Power of Attorney: Special
A
Limits powers to a specific function and duration
5
Q
Healthcare Power of Attorney
A
Appoints an agent to make healthcare decisions on behalf of the principal if they become unconscious, mentally incompetent, or otherwise unable to make decisions
Becomes effective upon incapacitation of principal