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¶ … 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...
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…
Bibliography
Durable Power of Attorney. (2011). Tighelaw. Retrieved from: http://www.tighelaw.com/dpa.html
Power of Attorney. (2011). Legal Dictionary. Retrieved from: http://legal-dictionary.thefreedictionary.com/Power+of+attorney
Why do I need a Power of Attorney. (2011). U.S. Legal Forms. Retrieved from: http://www.uslegalforms.com/powerofattorney/
Alderson, L. (2011). Let the Records Show. Bloomington, IN: I Universe.
Larson, A. (2003). Power of Attorney. Expert Law. Retrieved from: http://www.expertlaw.com/library/estate_planning/power_of_attorney.html
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