What are the Different Types of Power of Attorney?
A power of attorney is a legal document that entitles a person to act on behalf of another person. The person on whose behalf the power of attorney is created is called the principal or grantor. The agreement becomes legally binding when the document is duly signed by all the relevant parties in front of a notary. Power of attorney is important for a number of reasons, and understanding the different types of power of attorney is important to ensure that you make the right decisions regarding the estate planning. Here we will explain five important types of power of [...]