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ES×COA×CEN_113021-Page 1 of 9DO NOT STAPLEScholars Choice Education Savings Plan by CollegeInvest Scholars Choice is a registered service mark of CollegeInvest. Scholars Choice Education Savings
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How to fill out power of attorney

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How to fill out power of attorney

01
Here are the steps to fill out a power of attorney:
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Start by identifying the principal and the agent. The principal is the person granting the power of attorney, while the agent is the person receiving the authority.
03
Specify the powers and limitations of the agent. Clearly state what the agent is allowed to do on behalf of the principal.
04
Include any special instructions or conditions. If there are specific requirements or conditions that the agent must follow, make sure to include them in the power of attorney document.
05
Clearly mention the effective date and the duration of the power of attorney. State when the authority granted to the agent begins and ends.
06
Sign and date the document. Both the principal and the agent must sign and date the power of attorney in the presence of a notary public or witness, depending on the legal requirements in your jurisdiction.
07
Keep a copy of the power of attorney. Make sure to keep a copy of the document for your records, and provide a copy to the agent as well.
08
It is always advisable to consult with a legal professional or attorney to ensure that the power of attorney document is legally enforceable and meets your specific needs.

Who needs power of attorney?

01
A power of attorney can be useful for various individuals in different situations. Some common scenarios where a power of attorney may be needed include:
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- Elderly individuals who want to designate a trusted person to make financial or medical decisions on their behalf in case they become incapacitated.
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- Individuals planning to travel or live abroad who need someone to handle their financial and legal matters while they are away.
04
- Business owners or entrepreneurs who want to grant someone the authority to handle business transactions and sign legal documents on their behalf.
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- People with disabilities who require assistance with managing their affairs and making important decisions.
06
- Parents who want to assign temporary decision-making authority to a trusted person in case of their absence or inability to make decisions for their children.
07
Each jurisdiction may have specific requirements and laws regarding power of attorney, so it is important to consult with a legal professional to understand the appropriate use and requirements in your area.
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Power of attorney is a legal document that allows a person to act on behalf of another person in legal or financial matters.
Any individual who wants someone else to make decisions on their behalf in case they are unable to do so.
To fill out a power of attorney, you need to specify the powers granted, the duration of the authority, and the person appointed as the attorney-in-fact.
The purpose of power of attorney is to ensure that someone can make decisions on behalf of another person if they are unable to do so themselves.
The power of attorney document must include the names of the parties involved, the powers granted, and any limitations or conditions.
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