Powers of attorney are more likely to be honored if they specifically refer to certain assets or types of transactions. When acting under a power of attorney, the agent will ordinarily sign documents by referring to the power. The authority of the agent is limited to those items listed in the power of attorney. Other than receiving a fee, the agent is not permitted to benefit personally from the power of attorney, except to the extent specifically included in the document. Help Forms for powers of attorney are widely available.
Computer programs promising valid durable powers of attorney are widespread.
For many, these forms may prove to be adequate. Unfortunately, the sufficiency of power of attorney forms is usually tested only after it is too late to make necessary revisions. Caution should dictate that a competent professional be consulted prior to executing such a powerful and dangerous instrument. The Role Of The Elder Law Attorney Elder law attorneys usually have particular experience in drafting and enforcing powers of attorney. The agent under a power of attorney may also need legal advice or representation.