A Power of Attorney is a legal document that grants a person (the Attorney) the authority to perform certain functions on someone else’s behalf (the Donor). The most common forms that a Power of Attorney come in are “General” & “Enduring”. There is a significant difference between the General and Enduring Power of Attorney documents. The General Power of Attorney is explained below:
General Power of Attorney
This document provides the authority for the Attorney to act on behalf of the Donor. This document is often used when people are travelling overseas or while someone is recovering from an operation or illness. As a sensible precaution, a person may wish to grant authority to an Attorney for a specific period of time to access their bank account or other important information just in case something unexpected happens. As the name suggests, a General Power of Attorney is intended to have a general operation.
Note: Giving someone access to your bank account should be done with great caution, therefore you need to be absolutely sure that your Attorney is trustworthy.