A Virginia General Power of Attorney Form is used when the Principal needs their Attorney-in-Fact to have nearly universal power over their finances. While there can be local and state law variations on what exact powers it grants, it is most often used by a Principal who may need assistance managing their fiscal responsibilities but is legally capable of managing on their own.
This agreement requires that the Principal place a significant amount of trust in their Principal, as it comes with the most power of any of the Power of Attorney agreements. This amount of power unfortunately comes with significant potential for abuse, either intentional or accidental. If the Principal is at all unsure in their choice of Attorney-in-Fact, they may wish to consider the Limited Power of Attorney Form.