This article has been brought to you by Legal Forms Bank .Biz where you will find your state's legal forms online. Helping you file your own legal forms is our goal. We have your state's Durable Power of Attorney Form and Power of Attorney Child form.
A durable power of attorney form is made to help you plan for unfortunate events such as a serious injury or illness. With a durable power of attorney form you can appoint someone to legally act on your behalf, which is called a "agent" or "attorney-in-fact". On the form you can limit your agent to act on your behalf for a limited or very specific task or event. You could appoint a family member, advisor, or a trustworthy friend or institution like a bank.
The difference between a durable power of attorney and a regular power of attorney is that a durable power of attorney will still be legally valid even if you become incompetent or unable to make your own decisions. With a regular power of attorney it will become legally invalid if you become unable to make your own decisions. All fifty states now permit the use of a durable power of attorney, and it can not be revoked simply because the 'principal' becomes incapacitated or mentally incompetent. Upon death though, your durable power of attorney will be immediately revoked.
Mainly, a durable power of attorney is used for convenience purposes. Suppose you have your home listed for sale, and you could not be in town to complete the legal transcation. You can use a durable power of attorney to a appoint a 'attorney-in-fact' to manage these kind of transactions, and you could have your 'agent' complete the transcation legally for you. Your agent can sign the documents, and negotiate the sale for you.
Also, you can revoke a durable power of attorney anytime, as long as your competent. To revoke it simply sent your agent a written notice notifying him or her that the document has been revoked. Once your agent has notice of your revocation, the agent can no longer legally act on your behalf. Doing so would be illegal, although any actions taken prior to the date of the revocation is still legal.
Another thing you could do is make your durable power of attorney effective only upon your incapacitation. This document is often referred as the "springing" durable power of attorney. This is because it "springs to life" on a specific occurence in the future; your incapacity. Its important to include a detailed definition of "disability" to make it perfectly clear when your agent can act on your behalf.
Don't procrastinate, executing a durable power of attorney can help you manage your life and protect your family in case you become seriously injured or incapacitated.
- Related Videos
- Related Articles
- Ask / Related Q&A
- Law as Career
- Following Employment Laws - Why Are The Regulations Mandatory?
- Buying Government Seized Properties at Online Auctions
- Laws FAQ
- A Brief Analysis on the Effectiveness and Applicable Laws of Foreign-related Commercial Contract
- Important website of law books free downloading and national law college of india
- Government Records Registry Reverse Phone Lookup
- Government Vital Records Birth Certificates Are Made Public
Colorado Criminal Defense 101: What to Do if Arrested and Charged with a Crime in CO
By: Chuck Matthews | 03/01/2010If you have recently been arrested and charged with a criminal offense in Colorado, there are a few important legal issues you will need to take into account ad address as the criminal process unfolds in your case. This article explores these issues and possible related legal and personal scenarios in a criminal defense process.
Where Do You See Public Court Records In Colorado To Find Someones History
By: James Nash | 02/01/2010If you wish to check public court records for some reason you don’t have to deal with regulations and such anymore. To obtain a certain record all that you need is to access a certain website and type in the name of the person whose records you wish to find. Simple as that.
Shocking Statistics About Work Accidents
By: Nick Jervis | 02/01/2010When does a work accident involving electricity justify a work accident claim?
Four Simple Steps to a Stress Free Property Sale
By: Tim Bishop | 02/01/2010If you are considering selling your property, there are four key assumptions that are often wrongly made. Avoid making these mistakes by reading this article.
Gov Records Review - Does This Government Public Records Search Service Work?
By: Victor Carr | 02/01/2010Would you like to know how to search public records online at Gov Records? This is a website that provides information about any person's background, including details like the person's marriage and divorce details, phone directories, civil and criminal records, birth records, family history, business records, immigration records, driving records and a lot of other relevant information.
Gov Records Review - Is Gov Records A Scam?
By: Victor Carr | 02/01/2010Looking for Gov Records review? You are probably wondering if this public records search site really works and whether or not they are worth joining. If you are looking for the records for any particular person, be it their criminal records, marriage details, address, and phone numbers etc., you should be able to find them in online public records sites. These are the important information that needs to and have been recorded in the standard procedures of significant events of any person's life.
DUI and Constitutional Rights
By: Courtney Shipe | 01/01/2010Drunk driving is a politically incorrect topic. People are unanimously opposed to it both morally and socially. Nearly every religion in the world has ordinances and warning against intoxication and drunkenness. The fact remains, drunk drivers are a danger to themselves and others, causing a huge number of fatal accidents. However, the inherent wrongness of drunk driving does not mean we should allow the erosion of constitutional rights.
public records canada
By: fencop | 01/01/2010public records canada
How to Legally Change Your Name
By: Nicholas Copernicus | 15/11/2009 | LawChanging your name is a simple legal procedure that doesn't require a lawyer. You can't just change your name though, you have to go through the appropriate legal procedure. If you feel uncomfortable handling your own paperwork you can hire a lawyer, but of course that would cost a lot more than handling the paperwork yourself.
How to Divorce Without a Lawyer
By: Nicholas Copernicus | 12/11/2009 | LawIn an uncontested divorce you can represent yourself. You don't have to rely on lawyers to resolve every issue. In an uncontested divorce you have full control over the divorce terms (who gets what).
Durable Power of Attorney Info
By: Nicholas Copernicus | 10/09/2008 | National, State, LocalThe durable power of attorney (POA) is a legal form, which can be used by a competent adult to appoint another person to act as their agent to manage their financial affairs.
Will Contesting
By: Nicholas Copernicus | 05/09/2008 | National, State, LocalWill contests are typically brought on by family members from wealthy families who believe they were cheated out of their share of the inheritance of the assets involved.
Creating a Business Partnership Agreement Contract
By: Nicholas Copernicus | 27/08/2008 | National, State, LocalVerbal agreements tend to never work out. Putting the terms of the partnership in writing is the smartest thing you can do to protect your business.
What Can You Do With a Power of Attorney?
By: Nicholas Copernicus | 17/08/2008 | National, State, LocalA power of attorney form is a legal form that will allow someone to appoint another person to legally act on his or her behalf. The person who creates the POA (power of attorney) is called the principal and the person appointed to act on the principal’s behalf is called the agent.
What Exactly is a Promissory Note?
By: Nicholas Copernicus | 09/08/2008 | National, State, LocalA promissory note is a legal agreement that is a written promise to repay a debt. It will include how and when the debt will be repaid. It can be through a series of payments, upon demand, or another way both parties can agree upon.
What is a Personal Bankruptcy?
By: Nicholas Copernicus | 25/07/2008 | National, State, LocalA personal bankruptcy is a form that when filed will discharge obligations to creditors. Bankruptcy forms can be located online or an attorney can prepare one for you.