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Durable Power of Attorney and Indemnification Agreement for Power of Attorney Registration Purpose: This Power of Attorney is limited to Account Owner transactions in the Oregon College Savings Plan

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How to fill out durable power of attorney

01

Ensure you have the necessary documents: You will need the durable power of attorney form, which can typically be obtained from an attorney or online legal resources.

02

Identify an agent: Select someone you trust to act as your agent and make decisions on your behalf. This can be a family member, friend, or attorney.

03

Clearly state your powers and limitations: In the durable power of attorney form, specify the powers you are granting to your agent and any limitations or restrictions.

04

Sign the document: Sign the durable power of attorney in the presence of a notary public or witnesses, as required by your state laws.

05

Provide copies to relevant parties: Make copies of the signed document and provide them to your agent, your healthcare providers, financial institutions, and any other relevant parties involved.

Who needs durable power of attorney?

01

Elderly individuals: Durable power of attorney is commonly used by older adults to ensure someone can manage their affairs if they become incapacitated.

02

Individuals facing a medical procedure: If you are undergoing a medical procedure that might temporarily impair your decision-making ability, having a durable power of attorney can be beneficial.

03

Individuals with chronic illnesses: Those who have a chronic illness or condition that may worsen over time may benefit from designating a durable power of attorney.

04

Business owners: Business owners may choose to have a durable power of attorney in place to ensure someone can handle their business matters in case of incapacitation.

05

Frequent travelers or military personnel: If you frequently travel or serve in the military, having a durable power of attorney can help manage your affairs while you are away.

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