Attorney Approved Version!

Common power of attorney forms include the durable general power of attorney and the specific power of attorney. The general power of attorney enables the agent to do nearly anything the principal has the right to do.

This would include the right to manage the following matters for the principal:

  • Bank accounts
  • Stocks and bonds
  • Real estate
  • Certificates of deposit
  • Personal property
  • Benefits
  • Other assets

You may also enact a specific power of attorney, which would let you authorize the agent to do just one or a small number of tasks for you, for a limited period of time. This may be a better option if you are planning ahead for being absent from your affairs, rather than planning for a potential injury.

It is important to consider limiting the agent’s ability to ensure that your property is not mismanaged. You also should discuss your finances with the agent and ensure he or she is capable of managing your affairs properly.

In South Carolina, a power of attorney is only valid if the principal is at least 18-years-old, legally competent, and the principal signs the form in the presence of a notary public and two witnesses.