1. What is a General Power of Attorney (GPA) ?

A General Power of Attorney is a legal document that grants someone, known as the “agent” or “attorney-in-fact,” the authority to make various financial, legal, and business decisions on behalf of the person creating the power of attorney, known as the “principal.”

2.What powers does a General Power of Attorney typically grant ?

A GPA typically grants broad powers to the agent, allowing them to handle financial transactions, manage real estate, enter into contracts, and make legal decisions on behalf of the principal.

3.How is a General Power of Attorney different from a Special Power of Attorney ?

A General Power of Attorney provides broad powers across various matters, while a Special Power of Attorney grants specific powers for a particular purpose or transaction.

4. When does a General Power of Attorney become effective ?

The effectiveness of a GPA can be immediate upon signing or can be triggered by a specific event, such as the incapacitation of the principal.

5. Can a General Power of Attorney be revoked ?

Yes, a GPA can be revoked by the principal at any time, as long as they are mentally competent. Revocation is typically done in writing, and all relevant parties should be notified.

6. Can a General Power of Attorney be used for healthcare decisions ?

Generally, a General Power of Attorney focuses on financial and legal matters. For healthcare decisions, a separate document known as a Healthcare or Medical Power of Attorney is typically used.

7. Can a General Power of Attorney be used internationally ?

The recognition and enforceability of a GPA can vary by jurisdiction. Some countries may require additional steps, such as authentication or notarization, for cross-border validity.

8. Does a General Power of Attorney continue if the principal becomes incapacitated ?

It depends on whether the GPA is a durable power of attorney. A durable GPA remains in effect even if the principal becomes incapacitated, while a non-durable GPA may become void in such situations.

9. Can the agent under a General Power of Attorney delegate their authority to someone else ?

In many jurisdictions, the agent is not allowed to delegate their powers unless expressly authorized in the power of attorney document.

10.How long does a General Power of Attorney last ?

The duration of a GPA is typically specified in the document. It can be for a specific period, until a particular event occurs, or until the principal revokes it.

11. Can a General Power of Attorney be used for illegal activities ?

No, an agent is bound by legal and ethical obligations. Any actions taken under the power of attorney must be lawful and in the best interests of the principal.

12. Is a General Power of Attorney the same as a Will ?

No, a General Power of Attorney addresses decisions during the principal’s lifetime, while a Will comes into effect after the principal’s death. They serve different purposes in estate planning.

These questions offer a broad overview, but specific details may vary based on jurisdiction and individual circumstances. For details consult with Agreeemnt Kart at 99720 31190