Durable power of attorney: This type of POA remains in effect even if you become incapacitated. It is ideal for long-term planning, ensuring that your financial and legal affairs are managed without interruption.
Non-durable power of attorney: Only valid while you are mentally competent, this is typically used for short-term needs, such as handling a specific transaction or managing affairs while you are temporarily unavailable.
Limited power of attorney: This POA is useful for delegating responsibilities like selling a house or managing investments. It allows you to maintain control over other aspects of your life while entrusting specific duties to someone else.
Springing power of attorney: This type of POA becomes effective only under certain conditions, such as your incapacitation. It provides flexibility, and outlines the exact circumstances under which your agent’s authority is activated.
Medical power of attorney: This POA allows you to appoint someone to make healthcare decisions on your behalf if you are unable to do so. It’s essential for ensuring that your medical preferences are respected and that someone you trust is advocating for your health care needs.