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Here are examples of the types of Alberta POAs that you may need:Specific Power of Attorney. A specific power of attorney is the simplest power of attorney.General Power of Attorney. A general power of attorney is used to give a very broad term of use to the attorney.Enduring Power of Attorney.Durable Power of Attorney.
Generally speaking, a Trustee (who is not also the Grantor) cannot appoint a Power of Attorney to take over the Trustee's duties or responsibilities, unless this is something that is directly permitted by the Trust Deed or a court order.
Generally speaking, there are three main types of POA: Ordinary power of attorney. Lasting power of attorney. Enduring power of attorney.
The basic laws of agency apply to this relationship. When a principal dies or is sequestrated as a result of insolvency, all powers of attorney executed by him/her lapse. It follows that the agent's power to act in terms of the lapsed power of attorney also ceases on the principal's death or insolvency.
The three most common types of powers of attorney that delegate authority to an agent to handle your financial affairs are the following: General power of attorney. Limited power of attorney. Durable power of attorney.
A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.
A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.