Broad Versus Specific Language in Powers of Attorney: What to Know

October 21, 2021

You can create a general power of attorney which enables your financial power of attorney agent to make most decisions and financial transactions on your behalf or you might choose to name specific circumstances instead. Your individual considerations and concerns will come into play when consulting with an estate planning attorney about this important decision. 

You might choose to use broad language to give your agent all powers to manage your financial affairs in most cases but some powers are only given if they are specifically mentioned. It is worth specifically mentioning, for example, the power to designate beneficiaries of your insurance policies, the power to make gifts of your property or money and the power to change any community property agreements. Furthermore, some powers cannot be given to an agent, such as the power to update or create a will for you or the power to vote in public elections. 

You need to consult with an experienced attorney if you do not yet have a power of attorney document and want to create one to appoint someone else to take over and handle these important decisions for you if you become unable to do so. The support of a lawyer can help you identify a structure to this power of attorney document that meets your unique needs.       


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Before You Make a Year-End Financial Move, Ask How It Affects the Rest of Your Financial Picture

Before making year-end tax, investment, retirement, business, or charitable decisions, consider how each move affects your broader financial picture. Year-end financial planning often starts with ...

<p>The post Before You Make a Year-End Financial Move, Ask How It Affects the Rest of Your Financial Picture first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Why the Family Office Approach Makes Sense for Franchise Owners

Franchise ownership can create financial complexity across businesses, investments, taxes, estate planning, and family wealth. Learn how a family office approach can help bring these ...

<p>The post Why the Family Office Approach Makes Sense for Franchise Owners first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Why Your Tax Advisor and Financial Advisor Should Work Together

Discover why coordination between your tax advisor and financial advisor can help create a more connected financial strategy for business owners, executives, and families with ...

<p>The post Why Your Tax Advisor and Financial Advisor Should Work Together first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>