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Power of Attorney Durable Springing General for Property and Finance (Upon Disability)

The powers you grant in this type of Durable General Power of Attorney ARE EFFECTIVE ONLY IF YOU BECOME DISABLED OR INCOMPETENT.

This power of attorney does not authorize anyone to make medical or other health care decisions on your behalf.

General springing power of attorney (upon disability) is an important legal document. It gives the person whom you designate (your "agent", "attorney-in-fact") broad powers to handle your property, tangible or intangible, without a prior notice to you or your approval if you become disabled or incompetent. Among the subjects discussed in a general durable power of attorney are: real property and personal property transactions, stock and bond transactions, commodity and options transactions, banking, estate and trusts, claims and litigation, personal and family maintenance, division of social security and other governmental benefits, retirement plan transactions, tax matters.

These powers are explained more fully in the uniform statutory form power of attorney act, which expressly permits the use of any other or different form of power of attorney.

The general durable (springing) power of attorney must be dated and acknowledged before a notary public or signed by two witnesses. A durable power of attorney that may affect a real property must be acknowledged before a notary public so it may easily be recorded.

Some counties may require you to register this power of attorney at the office of comissioner of deeds at your county, or at the county clerkпїЅs office.

If there is anything about this form that you do not understand, you should ask a lawyer to explain it to you.