General Power of Attorney

If your aging parents have asked you for help with making decisions as to their personal welfare, financial affairs, medical treatment and so on, asking them to sign a power of attorney in your favour may be the answer.  Just be aware that it is only a temporary solution. Let’s firstly distinguish between the two types of power of attorney you are most likely to come across - Special or General? A special power of attorney allows you to act as agent for the “principal” (the person granting the power of attorney) in either a specific transaction or in a…