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What is a special power of attorney?

On Behalf of | Jul 9, 2023 | Estate Planning |

Just like the name suggests, a special power of attorney is slightly different from a standard power of attorney. If you’re in Concord, California and require a special power of attorney, it’s best to do your research first and determine what they can and can’t do for you.

When to get a special power of attorney

You would only want to get a special power of attorney for certain kinds of situations that are spelled out in your power of attorney document. One example of how this would work is if a married couple decides to buy a home and one of the spouses will not be in the area on the closing date. They can set up a special power of attorney to allow a spouse to sign the closing documents for the individual who isn’t able to at that time.

Various ways to use a special power of attorney

You can set up this special power of attorney for only one-time use, but you also can arrange to have this for multiple uses.

  • Contingent: This type starts once you become incapacitated and you’re not able to make your own decisions.
  • Durable: This stays in effect for your entire lifetime, though you can cancel it at any time.
  • General: This begins right after you set it up and ends once you’re incapacitated.
  • Limited: This starts and ends on a specific date or it ends after a specified event.

If you find that you or a loved one are in need of a special power of attorney, rest assured that you can set this up with relative ease. Be clear about the reasons you need to have a special power of attorney so that there isn’t any confusion or headache.

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