Jacqueline has been given authority over her elderly mother's bank accounts and property. What type of formal authority has Jacqueline been given?

Question

Quizplus · Accepted Answer

A general power of attorney gives the person appointed (Jacqueline in this case) the authority to act on behalf of another person (her elderly mother) in a variety of legal and financial matters, including managing bank accounts and property. This is different from a specific power of attorney, which only grants authority for a specific purpose or period of time, and a personal care power of attorney, which grants authority over medical and personal care decisions. A bank form of power of attorney may be a specific type of general power of attorney that is tailored for use with bank accounts.

Jacqueline Has Been Given Authority Over Her Elderly Mother's Bank