Thesis statement, literature review, and annotated bibliography for research paper

¶ … legal tactics that are used is the power of attorney. This is a written document that is authorizing one person to act as an agent for the benefit of another party. However, depending upon the intended purpose there are a number of different powers of attorney that are granted. To fully understand this concept, means that we must carefully examine each type. Once this occurs, is the point that we can see how and when this is applied in different kinds of situations. ("Power of Attorney," 2011)

The topic that we will be researching is the power of attorney that is granted in various legal proceedings. The reason why this was chosen is because; this tool is often utilized to provide a person with authorization in conducting a host of transactions. The most notable include: conducting audits, end of life situations, purchasing securities or having access to a bank account / safe deposit box. However, depending upon the way that they are applied there are two different provisions that are relevant to include: durable and traditional. A durable power of attorney is when someone has the authorization to make decisions for you based upon circumstances where you become incapacitated. While a traditional power of attorney, is when someone has authorization to make decisions for a particular individual when they are alive. This is important, because understanding the various distinctions will help someone to comprehend how and when these legal tools can be utilized. ("Durable Power of Attorney," 2011)

Outline the Major Headings

To effectively understand the different types and uses of the power of attorney we will focus on a number of areas including:

1. The Structure / Requirements

2. Types of Powers of Attorney

3. Different Kinds of Uses

These elements are important, because they will help to concentrate our research in knowing how this tool is utilized to deal with a host of situations.

One article from your Literature Review

Alderson, L. (2011). Let the Records Show. Bloomington, IN: I Universe.

In the article that was written by Alderson (2011), she is discussing the benefits and drawbacks of different powers of attorney. These include: focusing on the different types, the kind of expectations, accuracy / financial record keeping and how it should be updated / revoked. These different elements are important, because they are showing how this tool can be effective in dealing with a host of complex issues. However, when applying the power of attorney to specific situations is when you will be able to see the how this can be utilized in addressing a number of issues. (Alderson, 2011, pp. 6 -- 18)