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This document is a Power of Attorney (POA) that authorizes an agent to perform transactions on behalf of the principal with the Public School Employees\' Retirement System (PSERS). It allows the agent to handle retirement plan transactions, create or change beneficiary designations, and remains effective even if the principal becomes incapacitated. The document contains sections for the principal to appoint agents, define their powers, and establish necessary legal formalities.

How to fill out power of attorney

How to fill out power of attorney

1. Determine the type of power of attorney you need: general or specific.
2. Get the appropriate power of attorney form, which can usually be found online or at legal stationery stores.
3. Fill in your full name and address as the principal (the person granting the power).
4. Fill in the full name and address of the agent (the person receiving the power).
5. Specify the powers you are granting to the agent. Be clear about what they can and cannot do.
6. Include any limitations or special instructions if necessary.
7. Sign and date the document in the presence of a notary public or witnesses if required by your state.
8. Provide a copy of the signed document to your agent and keep a copy for your records.

Who needs power of attorney?

1. Individuals who want to ensure their financial or medical decisions are made according to their wishes when they are unable to do so themselves.
2. People planning for future incapacity due to health reasons or advanced age.
3. Family members or friends assisting seniors or disabled individuals who may need help managing their affairs.
4. Business owners who want to delegate authority for making business decisions.
5. Anyone engaged in real estate transactions who may need to authorize another person to act on their behalf.

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What is power of attorney?

A power of attorney is a legal document that allows one person to act on behalf of another in legal or financial matters.

Who is required to file power of attorney?

Typically, the person granting the power of attorney, known as the principal, is required to file the document, especially if it involves financial or legal decisions.

How to fill out power of attorney?

To fill out a power of attorney, you need to provide the principal's information, the agent’s information, specify the powers granted, and sign the document in accordance with state laws, often requiring notarization.

What is the purpose of power of attorney?

The purpose of power of attorney is to allow someone to make decisions and manage affairs on behalf of another person, particularly when the principal is unable to do so.

What information must be reported on power of attorney?

The power of attorney must include the names and addresses of the principal and agent, the specific powers granted, the date of signing, and any witnesses or notary requirements.