The designated person or organization is called either Agent or Attorney in Fact.
There are several types of Powers of Attorney.
– General- When the designated Agent or Attorney in Fact can handle your affairs in your absence in various situations.
– Special- When the designated Agent or Attorney in Fact can handle your affairs in your absence only in specific situations.
-Health Care- When you need to designate someone to make health care decisions on your behalf if you are unable to do so.
-Durable- All the of the above mentioned powers of attorney can be made “durable” by adding a specific text to the document. This means that the document will remain in effect or take effect if you become mentally incompetent.
-Revocation of Power of Attorney -This will allow you to revoke a power of attorney at any time.
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