A California general power of attorney is a document that enables an individual (the “principal”) to select an agent to act on their behalf with regard to financial management. The agent’s powers under this power of attorney are broad and sweeping, potentially granting them the authority to oversee the entirety of the principal’s estate if so indicated in the document.
The principal may elect more than one agent for their general power of attorney, but it’s important that they indicate whether these agents can act independently of one other or not. The principal must also indicate in the special instructions if they wish the power of attorney to be non-durable, which revokes the agent’s powers in the event that the principal becomes incapacitated.
Durable Power of Attorney – This will remain in effect even if the principal becomes unable to make decisions for themselves.