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 different types of powers of attorney: general, durable, and limited. A general power of attorney gives the agent broad authority over the principal's assets while they are alive and not incapacitated. A durable power of attorney remains effective even if the principal becomes incapacitated. A limited power of attorney restricts the agent's authority to specific actions, allowing them to handle particular matters when the principal is unavailable or unable to act.
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