![]() ![]() It is important for all parties involved to have copies of their form. In most cases, a Notary Public will need to be used or Two (2) Witnesses. Mostly used for real estate closings.Īfter completing, you and the Agent(s) selected will need to check the bottom of the form for the requirements for authorization. Real Estate – Sale, purchase, or maintaining of property. ![]() Most States limit this to a maximum of one (1) year. Parental – Minor’s education, health, and everyday care.Becomes active only when the Principal becomes *incapacitated. Medical – Health care decision-making only.IRS (2848) – Federal tax filing with the Internal Revenue Service.Does not remain in-effect if the Principal becomes *incapacitated. Remains in-effect if the Principal becomes *incapacitated. The person should be someone that you can trust and rely on to act in your best interest. Select and ask someone that you trust if they would like to be your “Agent” or “Attorney-in-Fact”. The form is required (depending on the State) to be signed in the presence of a Notary Public or Witness(es). Power of attorney is a legal document that allows an individual (known as the “Principal”) to select someone else (the “Agent” or “Attorney-in-Fact”) to handle their business affairs, medical responsibilities, or any decision that requires someone else to takeover an activity based on the Principal’s best interest and intentions. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |