Power of Attorney
Anyone who wants to permit another person to perform certain legal acts on his or her behalf needs a power of attorney ( POA).
A POA is a legal document you use to allow another person to act for you WHILE YOU ARE ALIVE.
The POA ceases to function once you pass away.
Your agent no longer can use that POA after you pass away.
Once signed, the POA creates a legal relationship in which you are the principal and the person you appoint is the agent.
Both you, and the appointed person (your agent) need to have your signature notarized.
A POA specifies the powers you give to your agent.
Within the POA is a list of the different kinds of powers and you can pick and choose which powers you wish to extend. For example, you can allow your agent to handle financial matters on your behalf.
The document granting power of attorney must identify the principal, identify the agent, and specify exactly what legal acts the agent is entitled to perform
There are four main types of POAs:
- General POA
- Durable POA
- Special or Limited POA
- Springing Durable POA
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