As an experienced Media Estate Planning Attorney, I am often asked about the difference between General Power of Attorney vs. Special Power of Attorney. The difference between a general power of attorney and a special power of attorney is that a general power of attorney grants the agent acting on your behalf broad powers to act on your behalf. Normally these are in business and financial matters, settling claims, or operating a business. General powers of attorney are effective tools that are often used in estate planning. A special of attorney grants the agent acting on your behalf special powers. They are only able to use the powers that you grant in the document to act on your behalf.
Are you wondering what the difference is between General Power of Attorney vs. Special Power of Attorney? If so, contact the experienced Media Estate Planning Attorney Steven Chisholm.
This educational video was brought to you by experienced Estate Planning Attorney Steven Chisholm. Our law firm proudly represents clients throughout Media, as well as Pennsylvania, and New Jersey.