Which type of Power of Attorney can make all decisions regarding financial and legal affairs?

A General Power of Attorney is the correct answer because it grants broad authority to an agent to act on behalf of the principal in a variety of financial and legal matters. This type of POA allows the designated agent to make decisions that encompass a wide range of activities, including managing bank accounts, filing taxes, handling real estate transactions, and conducting business dealings.

Unlike a Special Power of Attorney, which is limited to specific tasks or transactions, a General Power of Attorney provides comprehensive powers unless stated otherwise. This characteristic makes it suitable for individuals who want to ensure that their financial and legal interests are managed fully by an appointed person, especially if they are unable to do so themselves due to absence or incapacity.

Immediate POA generally refers to when the authority is effective immediately and does not denote a specific scope of authority, while an Enduring POA remains effective even if the principal becomes incapacitated but does not inherently confer the same comprehensive powers as a General POA unless specified.