The Nebraska General Power of Attorney Form is used to give the Attorney-in-Fact universal power to make decisions about the Principal’s finances. This includes depositing and withdrawing funds from a bank account, overseeing investments, paying rent and other bills and filing tax returns.
This agreement requires that the Principal be even more sure than usual in their choice of Attorney-in-Fact, as this agreement gives the Attorney-in-Fact the most power. As this type of agreement typically goes into effect immediately upon being signed, it is imperative that the Principal choose an Attorney-in-Fact who they trust not to abuse the power being handed to them and one that can handle the additional responsibility that comes with this agreement. If the Principal is in any way unsure of their Attorney-in-Fact, they may want to consider a Limited Power of Attorney agreement instead.