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REVISED 2015 Power of Attorney This publication tells you how a power of attorney can be used to give someone the legal power to take care of financial and legal matters for you. It explains the types
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How to fill out bpowerb of attorney
How to fill out a power of attorney:
01
Begin by identifying the parties involved. This includes the person granting power of attorney (known as the principal) and the person being granted power of attorney (known as the agent or attorney-in-fact).
02
Specify the powers being granted. A power of attorney document allows the agent to act on behalf of the principal in certain legal or financial matters. Clearly outline the specific powers or limitations that the principal wishes to grant to the agent.
03
Specify the duration of the power of attorney. Decide whether the power of attorney will be durable (remains in effect even if the principal becomes incapacitated) or limited to a specific time frame or purpose.
04
Sign and date the document. Both the principal and the agent must sign the power of attorney document in order for it to be legally valid. Certain jurisdictions may require witnesses or notarization, so it is important to familiarize yourself with the specific legal requirements in your area.
05
Share copies of the power of attorney document. Provide both the principal and the agent with copies of the signed document. It is also advisable to keep an additional copy in a safe and accessible location.
Who needs a power of attorney:
01
Adults who want to ensure there is someone they trust to make legal or financial decisions on their behalf in case they become incapacitated.
02
Individuals who are planning to be out of the country or otherwise unavailable and need someone to handle their affairs during their absence.
03
Elderly individuals who may require assistance with managing their finances or assets.
04
Individuals who want to appoint a specific person to handle legal matters or make financial decisions on their behalf.
05
People with medical conditions or disabilities who may require assistance with managing their affairs.
Remember, the specific circumstances and legal requirements may vary depending on your jurisdiction, so it is always a good idea to consult with an attorney or legal professional when creating or filling out a power of attorney.
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What is power of attorney?
Power of attorney is a legal document that allows an individual to appoint someone else to make important decisions on their behalf.
Who is required to file power of attorney?
Anyone who wants to grant legal authority to another person to make decisions on their behalf needs to file a power of attorney.
How to fill out power of attorney?
To fill out a power of attorney, you need to include the names of the parties involved, the scope of authority granted, and any specific instructions.
What is the purpose of power of attorney?
The purpose of power of attorney is to give someone the legal authority to make decisions on behalf of another person, especially in case of incapacity.
What information must be reported on power of attorney?
The power of attorney document must include the names of the parties, the authority granted, the effective date, and any limitations or conditions.
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