A power of attorney gives another person the right to make decisions for you. You can choose from different types of powers of attorney depending on your needs or intentions.
The Florida Bar explains the type of power of attorney you choose will impact the permissions you give to the agent.
A limited power of attorney focuses the authority on one specific task or action. You would use this type if you need someone to do a certain thing for you because you cannot be present to do it yourself. For example, this type of power of attorney is common in real estate. You could give another person permission to sell a property you own in another state because you do not want to travel to do it yourself.
A general power of attorney gives the agent the ability to act as you in every situation. It is very broad in the permission it grants. However, you can specify the actions an agent can take and narrow the scope. For example, you can set it for financial decisions only or grant the power to make medical decisions only.
A durable power of attorney goes into or remains in effect if you become incapacitated. Most powers of attorney end once you reach a state where you can no longer make decisions for yourself, but making it durable, allows it to stay in effect. You must include specific language to guarantee durability.
When creating a power of attorney, it is essential to ensure you choose the right type to suit your needs and plans.