Taylor gives a power of attorney to his twin brother Corey, permitting Corey to make all decisions on his behalf while he is abroad. Per the terms of the power of attorney, Corey is allowed make decisions to buy or sell stocks on Taylor's behalf, sell Taylor's real estate if he deems it to be in Taylor's best interest, pursue or defend lawsuits on Taylor's behalf, and make all other relevant decisions for Taylor. What kind of power of attorney would confer such powers to Corey?

Question

Quizplus · Accepted Answer

A general power of attorney grants broad powers to the agent or attorney-in-fact, including the ability to make legal decisions and financial decisions on behalf of the principal. In this case, Corey has the power to make decisions regarding stocks, real estate, and legal matters, which are all examples of broad powers that would be granted in a general power of attorney.

Taylor Gives a Power of Attorney to His Twin Brother