Types of Powers of Attorneys
Category: Maryland Estate Planning
May 3, 2018
There are several types of powers of attorneys.
Power of Attorney
Our office can help you decide on and draft the appropriate power of attorney for your situation.
General Power of Attorney
The first type is a general power of attorney. This power of attorney grants general powers to your agent in regards to your finances and assets.
Limited Power of Attorney
The second type is a limited power of attorney. This allows the person granting the authority to restrict the kind of powers the agent has.
Default Power of Attorney
The third type is a Default power of attorney. This power of attorney takes effect immediately. It gives the agent control over your finances and property till you become incapacitated.
Durable Power of Attorney
The fourth type is a durable power of attorney. This Power of attorney takes effect immediately and gives the agent control over your assets even after you become incapacitated.
Spring Power of Attorney
There are two types of durable power of attorneys.
By default, a durable power of attorney will immediately take effect but the second type of durable power of attorney is called a spring power of attorney that takes effect when the person becomes incapacitated.
About The Law Office of Ross W. Albers
The Law Offices of Ross W. Albers are located in both Carroll County, Howard County, and Frederick County. The offices represent clients in Maryland DUI/DWI, personal injury, criminal matters, real estate and estate planning throughout Maryland. Located in downtown Westminster, Columbia and Frederick, Maryland the Law Offices of Ross W. Albers take a personal interest in each client. You need an attorney that will listen to you and understand your unique situation, whether it be a criminal arrest, complex divorce and custody case, drunk driving charges, or an injury caused by an automobile accident. For more information visit https://www.rossalbers.com/