universal agent

when the principal allows the agent to act on behalf of the principal in every fact of their life. This type is not very common due to the broad scope of authority given to the agent.

Examples:

  1. A professional athlete may hire a universal agent to negotiate compensation packages, select and choose investments, and negotiate endorsement contracts.
  2. An elderly person may hire to handle bank accounts, income, investments, sale of real or personal property, or any other matters.

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