The Oregon General Power of Attorney Form is designed to give the Agent the most power possible over the Principal’s finances. This includes, but is not limited to, signing financial agreements such as leases, writing checks, paying bills and managing both bank accounts and financial investments.
While this agreement is the most generally useful power of attorney agreement, it also gives the Agent the most power. It therefore should be considered carefully against a Limited Power of Attorney, as it not only burdens the Agent with the most responsibility but also comes with the most potential for abuse, intentional or otherwise. It can still be extremely useful however, especially for a Principal who needs assistance managing all aspects of their financial affairs.