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A power of attorney poa is a document that allows you to appoint a person or organization to manage your property financial or medical affairs if you become unable to do so.
Power of attorney document. A power of attorney can be general granting broad powers over your affairs or it may be special allowing your agent power only over specific situations with rocket lawyer you can also choose to make your document durable meaning that your agent s powers remain in effect even if you become incompetent or incapable of handling your affairs. Information about form 2848 power of attorney and declaration of representative including recent updates related forms and instructions on how to file. Durable power of attorney to grant power to bank accounts real estate and any other financial related acts. The agent may be able to handle financial medical guardianship or tax related matters.
Form 2848 is used to authorize an eligible individual to represent another person before the irs. The power of attorney is frequently used in the event of a principal s illness or disability or in legal transactions where the principal cannot be present to sign necessary legal documents. For this purpose it must be a durable medical power of attorney. Do not take this decision lightly and make sure you have all of the.
Each type gives your attorney in fact the person who will be making decisions on your behalf a different level of control. A power of attorney can be a powerful document yet it is often the last thing people think about in their estate planning. This document empowers your agent to make decisions on your behalf as far as your personal and medical care is concerned when you become incapacitated. The powers are durable which means the form remains valid even if the principal should become mentally incompetent.
Therefore it s recommended to have the agent be someone who the principal can trust and who. The term durable means that if the principal should become incapacitated the form would remain in effect. A power of attorney form is a legal document completed by an individual principal to appoint someone else to act on their behalf agent or attorney in fact. However all poas are not created equal.
A durable power of attorney form allows an individual principal to select someone else agent or attorney in fact to handle financial related matters on their behalf. Adobe pdf ms word docx. Free power of attorney form for health care.
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