A special power of attorney gives the designated person virtually absolute power to manage your financial affairs.

Question

Quizplus · Accepted Answer

A special power of attorney grants authority to the designated person for a specific purpose, such as the ability to sell a property or sign a contract, but does not give them complete control over all financial matters. A general power of attorney may come closer to giving complete control, but even then, there are usually limits or restrictions on the designated person's authority.

A Special Power of Attorney Gives the Designated Person Virtually