General Power of Attorney

A general power of attorney is one that permits the agent to conduct practically every kind of business or financial transaction—with the principal’s assets—without any restraints. Because of the great harm to the principal’s financial well-being that an incompetent or untrustworthy agent can cause with a general power of attorney, the principal should be extremely careful in choosing an agent. Additionally, the principal should maintain vigilance over the agent’s transactions in the principal’s behalf.

Inside General Power of Attorney