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POWER OF ATTORNEY Please provide 2 originals of this document. December 2010revi, 2009 2009POWER OF ATTORNEY WITH RESPECT TO THE FINANCIAL TRANSACTIONS ARISING FROM THE INVESTMENT AGREEMENT ENTERED
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How to fill out power of attorney
How to fill out power of attorney
01
To fill out a power of attorney, follow these steps:
02
Begin by understanding the types of power of attorney available: general power of attorney, durable power of attorney, and limited power of attorney.
03
Choose the person who will act as your attorney-in-fact, also known as your agent or representative.
04
Determine the scope of authority you wish to grant to your agent. This can include financial, health care, or legal decision-making powers.
05
Obtain a power of attorney form or template. You can typically find these online or at your local legal office.
06
Fill out the form accurately and completely. Include your full name, address, and other requested personal information.
07
Clearly specify the powers you are granting to your agent. Be specific about the limitations, if any.
08
Sign the power of attorney form in the presence of a notary public or other authorized witness.
09
Provide a copy of the signed power of attorney to your agent and any other relevant parties, such as financial institutions or healthcare providers.
10
Keep the original power of attorney document in a safe and accessible place, such as a secure file or a safety deposit box.
11
Review and update your power of attorney as needed, especially if your personal or financial circumstances change.
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Remember, it is always advisable to consult with a legal professional when creating a power of attorney to ensure it meets your specific needs and complies with local laws.
Who needs power of attorney?
01
Power of attorney can be beneficial for various individuals including:
02
- Elderly individuals who may need assistance with managing their finances, healthcare decisions, or legal matters.
03
- Individuals planning for the possibility of incapacitation or extended absence, ensuring someone can manage their affairs in their absence.
04
- Parents who want to appoint someone to handle their child's legal and financial matters in case of emergency or if they are unavailable.
05
- Individuals participating in high-risk activities, such as military deployment or hazardous occupations, who want to authorize another person to act on their behalf if necessary.
06
- Individuals with specific health conditions or disabilities who may need assistance with daily tasks, medical decisions, or financial matters.
07
Ultimately, anyone who wants to designate a trusted person to handle their affairs or make decisions on their behalf can benefit from a power of attorney.
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What is power of attorney?
Power of attorney is a legal document that allows someone to make decisions on behalf of another person, typically in financial or legal matters.
Who is required to file power of attorney?
Individuals who want to grant someone else the authority to act on their behalf are required to file power of attorney.
How to fill out power of attorney?
Power of attorney can be filled out by specifying the powers granted, naming the agent or attorney-in-fact, and signing the document in front of witnesses.
What is the purpose of power of attorney?
The purpose of power of attorney is to designate someone to make decisions on behalf of an individual in case they are unable to do so themselves.
What information must be reported on power of attorney?
Power of attorney must include details of the powers granted, the names of the parties involved, and the signatures of the individuals.
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