Power of Attorney Form - POA Legal Forms

Power of Attorney Form - POA Legal Forms

With numerous different power of attorney forms, you must pick the power of attorney form that matches your needs. In terms of power of attorney documents, there are two key types:
· General
· Specific

Power of Attorney in 3 Easy Steps!

General Power vs. Specific Power of Attorney Forms

A general power of attorney gives a person power to handle all of your usual financial, legal and business decisions in your place. General power of attorney legal forms grant a specified person with complete power over your finances and assets, so they should be used carefully.

Specific power of attorney forms give exact details over the duties your power of attorney will cover. You can create durable or non-durable power of attorneys. Durable power of attorneys enter into effect after you become unable to handle the listed duties. Non-durable power of attorneys are used for specific periods of time, such as a long business trip, hospitalization or an out of country vacation.

Points to Consider

When creating your power of attorney form, make sure you choose your main power of attorney agent and an alternate. If anything happens to your first choice, you need someone to step in and perform your power of attorney duties.

Be clear about your expectations for what the agent will perform. For example, if you are taking an extended trip out of the country and your home is currently on the market, make sure you've listed that you authorize your power of attorney to complete the sale in your place, but list special terms such as a strict acceptance price for the home or how closing fees will be handled.

If you need the power of attorney to be effective if you became incapacitated, choose a durable power of attorney. Non-durable power of attorney short forms usually work best for out of town trips or stays in a hospital or rehab clinic. With non-durable forms, there is a special time period set and the legal form's time limit end if you become incapacitated.

Your power of attorney form protects your finances and legal matters. It's important to choose the role you want your power of attorney agent to handle carefully. Make sure your bills are paid, family is provided for and business matters are handled following your special power of attorney terms.

Copyright 2004-2009 S&T US LLC