A power of attorney (POA) is a legal instrument that lets someone else act on your behalf. In Texas, there are several types of POA, each designed for different purposes.
Choosing the right POA is important for protecting your rights and interests. Below are the most common types of POA.
Durable power of attorney
A durable POA allows someone you trust to manage your financial matters. It remains in effect even if you become mentally or physically unable to make decisions. This type is commonly used in long-term planning, especially as people age or face serious health concerns.
Medical power of attorney
A medical POA allows a chosen agent to make healthcare decisions for you if you are unconscious or otherwise unable to speak for yourself. This does not include the ability to make end-of-life decisions, which are handled through a separate directive.
Limited or special power of attorney
A limited POA gives your chosen agent authority to handle specific tasks. For example, you might give someone power of attorney to sell a car or sign documents while you are out of state. This type of POA ends when the task is complete.
Springing power of attorney
A springing power of attorney becomes active only after a specific event takes place. In most cases, this event is when a doctor confirms that you are no longer able to make decisions on your own. Some people prefer this option because it doesn’t give their agent any power until it’s truly needed. However, it can cause delays, since your doctor must first provide written proof of your incapacity before your agent can step in.
Each type of POA serves a unique purpose. If you’re unsure which one to use, it can help to seek some legal guidance.