A power of attorney template is a document that can be used to give another person the authority to make health care decisions, do financial transactions or sign legal documents that the principal cannot do for one reason or another. With a few exceptions a power of attorney can give others the right to do any legal acts that the principal could do himself or herself. A power of attorney would reflect how you want your personal and financial matters handled. It is one of the most important documents that you would ever use in your life. A little bit of time spent before may save you from a lot of trouble later on. Principal is the one who is granting powers and agent is the receiver.
Power Of Attorney Template
Almost as important as a power of attorney is to have a well drafted power of attorney because you would not want to miss out on any important information. You should add important documents, financial documents, regular payment details, instructions, request post-death etc. You should add language that is necessary to give the agent the authority for completing some specific transactions.
Power of Attorney Sample
Power of Attorney Format
Revocation of Power of Attorney
Power of Attorney Sample Format
Much thought and consideration goes into drafting power of attorney documents. For example they should be properly detailed or you will learn the lesson the hard way. Especially vulnerable people and senior citizens need to take note about the importance of a detailed power of attorney as they risk being exploited and taken advantage of.
A comprehensive and detailed power of attorney makes it difficult to dispute over. These templates are specifically designed for this purpose- for better understanding. Here are some do-it-yourself documents to create a power of attorney that are state specific. Below you are provided a catalogue of documents to choose from-
Importance of Power Of Attorney Form
- A power of attorney can be used to give another person the right to sell a car, home or other property on behalf of the principal. A power of attorney might be used to allow another person to sign a contract for the principal.
- Having power of attorney documents is planning ahead of time. You won’t have to worry about it when you are ill or incapacitated. Advance planning will spare your family from making difficult decisions about you or on your behalf.
- The best thing would be to have documented each and every desire and decision that you want to be carried out when you yourself are unable to do so. For this purpose you appoint an agent to make those decisions for you.
- If document states so the agent can do almost anything on behalf of principal –pay bills, collect payments, cash cheques, sign any legal document.
So it is very important to choose the right person and right set of legal documents, to leave nothing for guesses.
It can save the incapacitated person’s family a lot of time and money if things are taken care of beforehand because without power of attorney no one can make decisions or sign any legal document on your behalf. The documents would reflect how you want your personal and financial matters handled hence you appoint an agent. It guarantees that things are being carried out as per your wishes. So it becomes very important that you draft them with immense care and be able to add anything you want specifically. Hence for you we provide these templates. This would help your family avoid a totally unnecessary and avoidable situation. In this delegation of authority the principal still have the right to revoke the POA and it is automatically terminated upon the death of the principal. If you want the same agent to manage your financial affairs after your death, you should name that person as the executor of your will.
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