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Get the free Power of Attorney - RL Jones Customhouse Brokers

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Type of Bond Surety Amount Effective Date Power of Attorney I.R.S. Account Number or Social Security Number: Check the appropriate box: Individual Corporation General Partnership Limited Partnership
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How to fill out power of attorney

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How to fill out a power of attorney:

01
Begin by identifying the parties involved. Include your full legal name and address as the person creating the power of attorney (the "principal"), as well as the full legal name and address of the person who will be granted powers (the "attorney-in-fact" or "agent").
02
Specify the powers granted. Clearly state the specific powers that the principal wishes to grant to the attorney-in-fact. These powers can be broad or limited, depending on the needs and preferences of the principal. Common powers granted include managing finances, making healthcare decisions, or handling real estate transactions.
03
Include any additional instructions or limitations. If there are any specific instructions or limitations that the principal wants to impose on the attorney-in-fact, such as not being able to sell certain assets, or only being allowed to make healthcare decisions in specific situations, these should be clearly stated in the power of attorney document.
04
Choose whether the power of attorney will be durable or non-durable. A durable power of attorney remains in effect even if the principal becomes mentally or physically incapacitated, while a non-durable power of attorney terminates in such circumstances. The principal should carefully consider their needs and consult with an attorney if unsure.
05
Sign and date the document. The power of attorney must be signed and dated by the principal in the presence of a notary public or witnessed by two individuals who are not the attorney-in-fact or related to the principal by blood or marriage.

Who needs power of attorney:

01
Individuals with chronic illnesses or disabilities: A power of attorney can help ensure that someone you trust can make financial or healthcare decisions on your behalf if you become unable to do so.
02
Aging individuals: As people age, they may face declining mental or physical abilities. A power of attorney allows them to appoint someone they trust to manage their affairs and make important decisions.
03
Individuals planning for the future: Power of attorney documents can be prepared in advance as part of estate planning, ensuring that there is a designated person to act on your behalf if the need arises.
Remember, it is always recommended to consult with an attorney to ensure that the power of attorney document is properly prepared and meets all legal requirements in your jurisdiction.
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Power of attorney is a legal document that allows a person (known as the principal) to appoint someone else (known as the agent or attorney-in-fact) to act on their behalf in legal or financial matters.
Any individual who wishes to appoint a representative to act on their behalf in legal or financial matters may be required to file a power of attorney.
To fill out a power of attorney, you will need to include the names of the principal and the agent, specify the powers granted to the agent, sign and date the document, and have it notarized.
The purpose of a power of attorney is to allow a person to designate someone to make decisions on their behalf in the event that they become incapacitated or unable to make decisions themselves.
The information that must be reported on a power of attorney includes the names and contact information of the principal and agent, the powers granted to the agent, and any specific instructions or limitations.
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