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SEC Form 3FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549OMB APPROVAL
OMB Number:32350104Estimated average burdenINITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
SECURITIES
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How to fill out 1 - power of
How to fill out 1 - power of
01
Start by gathering all the necessary documents such as the power of attorney form and any supporting documents.
02
Read through the power of attorney form carefully and understand the powers and responsibilities it grants to the person being granted the power of attorney.
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Fill out the personal information section of the form, including your full name, address, and contact details.
04
Specify the powers you want to grant to the person by clearly stating the scope and limitations of their authority.
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If applicable, appoint a successor or alternative agent in case the initially appointed person is unable or unwilling to fulfill their duties.
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Sign and date the power of attorney form in the presence of a notary public or other authorized witness.
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Make copies of the completed form for your records and distribute them as necessary to the appropriate individuals or institutions.
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Review the power of attorney periodically to ensure its continued relevance and make any necessary updates or modifications.
Who needs 1 - power of?
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1 - power of attorney is commonly needed by individuals who wish to grant someone else the authority to make legal decisions or handle financial matters on their behalf.
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This could include individuals who are elderly or have a serious illness and want to ensure that their affairs are properly managed, as well as individuals who may be traveling or living abroad and need someone to act on their behalf in their home country.
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Additionally, individuals who own businesses may use a power of attorney to designate someone to manage the business in their absence or to handle specific legal matters.
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