How Do You Execute A Power Of Attorney Form?
Powers of attorney can be very useful. These legal documents allow people to grant someone else the right to make decisions on their behalf. While all states allow powers of attorney, ensuring these documents are properly executed is vital to their effectiveness. Write it down. A power of attorney (POA) must generally be in writing. While some jurisdictions recognize oral grants of POA, it’s always better to get it in writing. Name the parties. The person granting the POA is generally referred to as the principal, while the person receiving the POA is referred to as either the agent or the attorney-in-fact. Some states may require specific language to be used, so make sure you comply with state law. Detail the powers. POA can be as broad or as limited as the principal desires. However, the powers granted must be done so clearly, even if the principal grants general power of attorney. Detail durability. POA are not durable in most states, unless explicitly made so, meaning the powers te
