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Q.What is a Springing Power of Attorney?
A.A Springing Power of Attorney is often used by someone who knows at some point in the relatively near future they will become mentally incompetent or physically unable to tend to their own affairs. The Springing Power of Attorney will not take effect until the occurrence of a specific event (e.g. when my Alzheimer's disease progresses to the point that I am routinely unable to recall events that transpired within the same day). Typically a springing power of attorney will be general because by its nature it is meant to grant broad authority to the attorney-in-fact to handle most, if not all, of the principal's financial and business obligations.
In some states a power of attorney cannot be used for health related matters and in such instances a living will or health care proxy should be used.
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