Springing Power of Attorney
What is a Springing Power of Attorney and how does it differ from a General Power of Attorney?
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What is a Springing Power of Attorney and how does…”
Re: Springing Power of Attorney
A general power of Attorney and a springing power of attorney are not polar opposites. Therefore, the complete description of differences will not be fully covered her.
A springing power of attorney is one that does not take effect at the time the designation is made. Commonly they are done in instances where a person wants to continue to handle their own affairs while they can, but want to make plans for a specified “person” to take over when they cannot. For example,” I designate X to act as my attorney in fact as to …, when two or more doctors agree that I cannot ….., and said power will remain with X until….”
The power of attorney “Springs” into action when the designated event or occurrence, or date comes.
A general power of attorney is a term that relates to the extent of the powers. Springing refers to when the powers begin.
Good Luck,
Tony Smith
Anthony Smith
LawSmith
P.O. Box 2336
Lee’s Summit, MO 64063
Re: Springing Power of Attorney
A general power of Attorney and a springing power of attorney are not polar opposites. Therefore, the complete description of differences will not be fully covered her.
A springing power of attorney is one that does not take effect at the time the designation is made. Commonly they are done in instances where a person wants to continue to handle their own affairs while they can, but want to make plans for a specified “person” to take over when they cannot. For example,” I designate X to act as my attorney in fact as to …, when two or more doctors agree that I cannot ….., and said power will remain with X until….”
The power of attorney “Springs” into action when the designated event or occurrence, or date comes.
A general power of attorney is a term that relates to the extent of the powers. Springing refers to when the powers begin.
Good Luck,
Tony Smith
Anthony Smith
LawSmith
P.O. Box 2336
Lee’s Summit, MO 64063