When the task is complete, or the set date is due-say till your minor children turn 18 -the power of attorney terminates. For instance, if someone wants to sell a property but cannot represent themselves for whatever reason, they can appoint an attorney-in-fact. Limited or special power of attorney is a form of agreement where you authorize a lawful agent to perform a specific task over a period of time. This type of power of attorney expires whenever you see fit. You can either choose to activate it immediately or pick a time for it activates. A general power of attorney is often added to an estate plan as it helps you plan ahead.Ī general POA can become active the moment you choose it for your ongoing tasks. For example, you can grant it to a representative if you are out of your country and want people to keep your business affairs in order. General power of attorney is an apt choice for some healthy individuals.
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