Louisiana General Power of Attorney
A General Power of Attorney acts on behalf of the principal in any and all matters, as allowed by the state. The agent under a general POA agreement may be authorized to take care of issues such as handling bank accounts, signing checks, selling property and assets like stocks, filing taxes, etc. This document allows an agent to represent the principal in all property and financial matters as long as the principal’s mental state of mind is good. If a situation occurs where the principal becomes incapable of making decisions for him or herself, the POA agreement would automatically end.
General Power of Attorney
Is used on your behalf as long as your are capable of making decisions.
However, someone who wants the POA to remain in effect after the person’s health deteriorates would need to sign a durable power of attorney (DPOA).
Durable Power of Attorney (DPOA)
The durable power of attorney (DPOA) remains in control of certain legal, property or financial matters specifically spelled out in the agreement, even after you become mentally incapacitated. While a DPOA can pay medical bills on behalf of you, the durable agent cannot make decisions related to the your health.
A General Power of Attorney does not, however, mean that the person gives up authority over his own affairs
As long as you are mentally competent, you keep authority over all of your decisions, with the agent acting only as an “assistant” manager
Types of Power of Attorney
Medical
General
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