Limited Power of Attorney
Limited Power of Attorney allows an individual to select someone else to make a specific financial act on behalf of themselves. The act can be from cashing a check to representing the other person in a real estate closing. Generally, once the act has been completed this power of attorney becomes null and void.
Durable Power of Attorney
Durable Power of Attorney is granted legal authority that allows someone to select anyone of their choosing to represent them in all financial matters legal under law (except for changing of a will). It is highly recommended that the person chosen is a highly trusted person. They will have the power to handle any financial transaction as deemed in the best interest of the represented individual.
Medical Power of Attorney
Medical Power of Attorney gives the attorney-in-fact the authority to make health-care decisions for the grantor, up to and including terminating care and life support. The grantor can typically modify or restrict the powers of the agent to make end-of-life decisions.