Legal Question in Wills and Trusts in Georgia

Activating a Power of Attorney

I have a Power of Attorney document namimg my daughter as my agent. I have signed and had the document noterized. If I require a business transaction on my behalf, how does my daughter execute this transaction. Does it require a court order along with the Power of Attorney to have my broker sell a security and send me the money for medical needs?


Asked on 12/06/02, 4:28 pm

2 Answers from Attorneys
Lynwood Jordan Lynwwod Jordan, Attorney at Law

Re: Activating a Power of Attorney

Take the document to your broker and have him review it. He should be the one to tell you whether it is sufficient for his purposes or not.

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Answered on 12/06/02, 4:39 pm
Randall A. Lenz Randall A. Lenz, Atty, CPA

Re: POA

Power of Attorney forms can convey limited or general powers to the agent depending on how it is drafted. A "Durable Family Power of Attorney" is most often used to convey a broad range of powers that will enable the agent to perform a multitude of tasks for the principal. With the broker - they probably have their own form that will enable your daughter to make decisions on your behalf specifically for the brokerage account. I would use their form. The General POA is still good to cover transactions where a specific form is either not available or cannot be used (ie. the principal is disabled and unable to execute the form).

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Answered on 12/06/02, 6:27 pm


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