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Power of Attorney PRE Retirement State Employees Retirement System CO1049 Rev. 8/2015-Page 1 of 2STATE OF CONNECTICUT OFFICE OF THE STATE COMPTROLLER RETIREMENT SERVICES DIVISIONLIMITED DURABLE POWER

How to fill out power of attorney

How to fill out power of attorney

1. Step 1: Begin by obtaining the necessary power of attorney form. This form can usually be found at your local courthouse or through an attorney.
2. Step 2: Identify the parties involved. This includes the person granting the power of attorney (the principal) and the person receiving the power of attorney (the agent or attorney-in-fact).
3. Step 3: Clearly define the powers granted. Specify what actions the agent is allowed to take on behalf of the principal. Be as specific as possible to avoid any misunderstandings.
4. Step 4: Sign and notarize the power of attorney form. Both the principal and the agent need to sign the form in front of a notary public to make it legally binding.
5. Step 5: Distribute copies of the power of attorney form. Give copies to relevant parties, such as banks, financial institutions, or healthcare providers, so that they are aware of the agent's authority.
6. Step 6: Keep the original power of attorney form in a safe place. It is important to have the original document readily accessible if it is ever needed.
7. Step 7: Review and update the power of attorney periodically. Life circumstances can change, so it is a good idea to review and update the power of attorney as necessary.

Who needs power of attorney?

1. Power of attorney is typically needed in situations where an individual wants to grant someone else the authority to act on their behalf in legal, financial, or healthcare matters.
2. Common scenarios where power of attorney may be needed include:
3. - Individuals who are unable to make decisions for themselves due to age, illness, or disability.
4. - Elders who want to designate someone to handle their financial affairs, pay bills, and manage their assets in the event of incapacitation.
5. - People who will be out of the country for an extended period and need someone to handle their financial or legal affairs during their absence.
6. - Business owners who want to assign someone to manage their business operations, make financial decisions, or sign legal documents on their behalf.
7. - Individuals undergoing medical procedures or treatments who want to authorize someone to make medical decisions on their behalf if they become unable to do so.

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What is power of attorney?

A power of attorney is a legal document that allows a person to appoint someone else to act on their behalf in legal or financial matters.

Who is required to file power of attorney?

Anyone who wishes to appoint someone else to act on their behalf in legal or financial matters.

How to fill out power of attorney?

To fill out a power of attorney, you will need to include the names and contact information of the parties involved, specify the powers being granted, and sign the document in the presence of witnesses.

What is the purpose of power of attorney?

The purpose of a power of attorney is to allow someone else to make decisions on your behalf in legal or financial matters if you are unable to do so.

What information must be reported on power of attorney?

The information reported on a power of attorney typically includes the names and contact information of the parties involved, the powers being granted, and the signatures of all parties.