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
- Category: Power of Attorney
- Date:
- State: Michigan
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.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
