While the POA power of attorney basically enables you to hand the control of your affairs to another individual there are some variations in the use of the POA and this largely depends on the existing situation. And this in turn also is contingent on the reason why the an individual known as the principal with the aid of the power of attorney wished to give power to another known as the agent the power to handle his affairs on his behalf.
The Non-Durable Power of Attorney
The type of power of attorney is basically used for short-term business transactions that the principal for some reason is unable to handle himself. All non durable POA has a time of expiration and this is either when the principal decides to revoke the power of attorney or when the principal becomes incapacitated and as such is not in the right state to continue of the power of attorney. And in some cases the non durable POA is restricted to a stipulated time period when the principal needs the agent for a particular business deal and at the end the POA is revoked.
The Durable Power of Attorney
There is some level of similarity between the durable and non durable power of attorney the only deference is that if the principal becomes mentally ill or incapacitated the power or attorney continues. All types of power of attorney come to an end at the death of the principal but it is only the durable power of attorney that makes to that point. In the case is terminal illness the principal can use the durable power of attorney ask the attorney-at-fact to grant the removal of any life saving equipment.
The Springing Power of Attorney
In the case of the springing power or attorney, this is used when the principal is unable to authority by way or writing or verbally appointing an individual to serve as their agent or attorney-at-fact. A doctor have to certify that the principal in not capable of thinking and making decisions for themselves before the springing power of attorney can come into place and an attorney-at-fact takes over.
The Special or Limited Power of Attorney
The type of power of attorney is used alongside the non durable power of attorney. The limited or special power of attorney is only used in certain cases. It basically applies to dealing relating to finance and the sale of some property. The attorney-at-fact appointed has control only over the appointed sector assigned to his care.
The general power of attorney is another kind of POA and this has to do with dealings and affairs relation to the principal.
The Health Care Power of Attorney
The type of power of attorney is used only when health relating issues is involved. And this can be the principal is mentally ill or has a terminal illness. The power of attorney the power to make decisions relating to health matters. It is somewhat similar to the special power of attorney it is just that it applies only to health relating issues.