How Do I Create a Power of Attorney to Handle Investment Matters?
Full Question:
I am a Registered Investment Advisor and need a limited Power of Attorney Form thatwould allow me to buy or sellMutual Funds, Variable Accts or Stocksin exchange for other Variable Accts,Mutual Funds and Stocks
06/17/2010 |
Category: Power of Attorney |
State: Michigan |
#22410
Answer:
There are various types of powers of attorney; they can be either general, durable or limited. Some states have also adopted a statutory power of attorney. A general power of attorney grants the agent broad powers to act in regard to the principal’s assets and property while the principal is alive and not incapacitated. A durable power of attorney will remain effective even if the principal becomes incapacitated. A special or limited power of attorney restricts the agent’s action to a particular purpose in order to handle specific matters when the principal is unavailable or unable to do so.