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You should make sure that whoever you choose to serve as your agent through a POA is someone you trust and who knows and will respect your wishes. It is very important that the POA meet all statutory requirements, including having an agent certification, notarization, and witnesses.
The purpose of this power of attorney is to give the person you designate (your ?Agent?) broad powers to handle your property, which may include powers to sell, dispose of, or encumber any real or personal property without advance notice to you or approval by you.
You should make sure that whoever you choose to serve as your agent through a POA is someone you trust and who knows and will respect your wishes. It is very important that the POA meet all statutory requirements, including having an agent certification, notarization, and witnesses.
The agent may be given broad or limited authority to make decisions about the principal's property, finances, investments, or medical care. There are two main types of POAs, financial and health care?both of which provide the attorney-in-fact with general or limited powers.
Delaware offers a statutory form (a form drafted by the state legislature) with blanks that you can fill out to create your POA. (See 12 Del. Code § 49A-301.)
A Delaware limited power of attorney confers specific, limited powers to an agent so that he or she may act on behalf of the principal. A principal is a person who is asking someone to perform a set of specific tasks (as per this document) in his or her name.
A Delaware limited power of attorney form allows a person to select an agent to perform a specific financial act to their benefit. The principal may choose to elect to have the form become void after the task is complete, at a specific date, or upon violating any condition described therein.