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Consider durable power of attorney. Limited vs. general power of attorney. Immediately effective vs. springing power of attorney. Power of attorney for health care. The first step to setting up ...
The most common types of power of attorney are general, limited, durable, and springing. Seniors choose the option that best fits their specific medical and financial needs, usually under the ...
A springing power of attorney becomes effective only when a specific event occurs, typically the incapacitation of the principal. This type of POA offers flexibility, as it allows the principal to ...
There are two types: a durable power of attorney, which is effective immediately upon signing, and a springing power of attorney, which takes effect only if you are deemed incapacitated ...