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Power of Attorney by James W. Respess, Esq., RFC

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“Power of Attorney.� We see and hear that all the time, but what is it? Better yet, what it is used for and when? I will try to answer these questions by using their many names and parts. There are several instruments used to authorize another to use your authority, or to maintain control, even after yours has been lost.

Limited or Special Power: This is used to authorize someone, other than yourself, to do something that you could do if you were present, for instance, sell property which you own. A common example is when a person has been transferred and the spouse is left behind to sell the home and wrap up the details of relocating. Both

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Financial Advisor 1120 Racetrack Rd. Suite A102, The Pavilions Ocean Pines, MD 21811 410-208-9083

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Grand Living Magazine

May June 2012

Grand Living Magazine May June 2012  

Delmarva's Premier 50+ Magazine

Grand Living Magazine May June 2012  

Delmarva's Premier 50+ Magazine

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