A General Power of Attorney authorises an attorney to manage a wide range of the donor’s financial and legal affairs. It gives broad authority to perform various tasks, such as managing bank accounts, paying bills, buying or selling property, and handling investments, for as long as the power remains valid.
A Specific Power of Attorney (also known as a Limited Power of Attorney) authorises an attorney to carry out only a particular task or act on the donor’s behalf. The authority is restricted to the powers stated in the document, such as selling a specific property, signing a particular contract, or managing a single financial transaction.