Financial Power of Attorney Form
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Financial Power of Attorney Forms allows a person to grant another party the right to make financial decisions and act on his or her behalf. Create your own Financial Power of Attorney Form.
The person granting the appointing is called the “principal” and the person he or she appoints is called the “agent” or “attorney-in-fact.” There are many types of powers of attorney each geared to the issuer’s needs.
Some powers of attorney allow you to confer all of your financial power to another, while others are for more limited situations, such as obtaining a title of a vehicle. In all cases, you should think about who you want to act as your agent because they will have a lot of responsibility over your affairs.
Simply create your own Financial Power of Attorney Form!
Customized Financial Power of Attorney Forms
Create your own Financial Power of Attorney Form!
A Financial Power of Attorney Form enables an individual (principal) to choose a person they trust, called an “agent” or “attorney-in-fact,” to make financial decisions on their behalf. There are also special forms, referred to as “Durable,” that allow the document to remain effective even if the principal (person being represented) should become incapacitated.
Use of the Durable Power of Attorney forms ensures the principal that their health and finances will be managed properly regardless of their mental capacity.
The financial power of attorney form serves as a document that authorizes a close friend or family member to make financial decisions on your behalf. The financial power of attorney form is a powerful document, and it is imperative that whoever you grant power of attorney to, is trustworthy. These forms are often used by individuals who would like their affairs handled should they fall ill, or leave the country for an extended period of time, but can be used for a variety of reasons as well.
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Customize your own Financial Power of Attorney Form! Simple and easy, don’t waste thousands of dollars paying a lawyer when you can do it yourself!
A financial power of attorney or financial POA can enable you to engage in financial transactions when you can't be present to sign documents. It can also enable someone you trust to handle your finances should you become disabled or incapacitated.
To understand powers of attorney, it will be helpful to know a few basic terms:
General power of attorney. This gives the agent authority to act in a broad range of matters.
Limited or special power of attorney. This gives the agent authority to act in a limited way, such as to engage in a specific transaction or for a limited period of time.
Durable power of attorney. This continues in effect after the principal becomes mentally or physically disabled or incapacitated.
Springing power of attorney. This gives authority to the agent only if and when the principal becomes disabled or incapacitated. By its very nature, a springing power of attorney is also a durable power of attorney.
Medical power of attorney. This gives the agent the authority to make medical treatment and/or health care decisions for you if you become mentally or physically unable to make your own decisions. By its very nature, a medical power of attorney is both durable and springing.
Create your own Financial Power of Attorney Form.
Create your own Financial Power of Attorney Form.
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