The Washington DC General Power of Attorney Form is created when the Principal wants their Agent to have more or less universal power over their financial affairs. This generally includes managing bank accounts, signing financial documents, writing checks and buying or selling large scale property. This kind of agreement is most commonly used by a Principal who is technically legally capable of managing the Powers granted to the Agent, but may need assistance.
This kind of agreement requires, more than any other, that the Principal choose an Agent that they trust completely. As it grants the Agent blanket power, it comes with the most responsibility and the most potential for abuse. If the Principal is in any way unsure of their choice of Agent, they may wish to consider a Limited Power of Attorney agreement.