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6 result(s) displayed (1 - 6):

November 22, 2011

Power of Attorney Template

A power of attorney template is required whenever one person needs to assign rights to conduct transactions for another person. This could be to authorize someone to oversee personal finances, conduct business transactions, or act as an agent for nearly anything a person does in their daily life.

The power of attorney template makes executing this legal document quite simple. The person writing the POA is referred to as the Principal and the person receiving authorization is referred to as the Attorney-in-Fact, or Agent.

Anyone can be designated as an agent, as long as they are of legal age. It's common to assign rights to spouses, relatives, business partners, realtors, financial planners, lawyers, and accountants.

Real Estate Investing article on "Power of Attorney Template "

November 15, 2011

Limited Power of Attorney

A limited power of attorney is a legal form utilized to appoint an attorney-in-fact to engage in a specific transaction for a specific period of time. The attorney-in-fact is not authorized to perform any acts other than what is stated in the POA form.

A common use of limited power of attorney is to allow another person to engage in financial transactions. Examples could be letting a person manage checking and savings accounts by making deposits, transferring funds, or paying bills. Another use would be to authorize your agent to sell a car or piece of real estate.

Limited POA should not be confused with other types of forms such as durable power of attorney or general power of attorney. These kinds of POA forms grant broad powers that allow agents to conduct many kinds of transactions and have access to sensitive financial and healthcare information.

Real Estate Investing article on "Limited Power of Attorney "

November 01, 2011

Power of Attorney Form

A power of attorney form is used for all kinds of transactions that require one person to authorize another person to act as their agent. These forms are an essential component of estate planning, business operations, personal finance, and healthcare matters.

The kind of power of attorney form needed depends on what duties the agent is responsible for performing. For example, a limited power of attorney is used to provide agent privileges to do a specific task during a specific timeframe, while a durable power of attorney grants sweeping rights.

Two parties are involved with each type of POA. Principal refers to the person writing the document and Attorney-in-Fact refers to the person responsible for carrying out tasks. The attorney-in-fact doesn't have to be a lawyer. In fact, they are usually a spouse, relative, business partner, financial advisor, physician, or friend.

Real Estate Investing article on "Power of Attorney Form "

September 27, 2011

Durable Power of Attorney

Establishing durable power of attorney is a good idea for anyone that has bills to pay or wants to have a say about medical treatments they receive. POA is a legal document that gives permission to another person to make decisions on your behalf if you become injured or too ill to make decisions or are out of town and unable to appear in person.

Durable power of attorney documents need to be executed for both personal finance and health care. The person who will be in charge of making decisions is known as the attorney-in-fact. This individual is usually a spouse, parent, or relative, but can be anyone you desire.

Real Estate Investing article on "Durable Power of Attorney"

September 17, 2011

Durable Power of Attorney

Durable power of attorney is a legal document that lets you appoint a person to act on your behalf in regard to personal finances and health care. The 'durable' aspect gives additional authority to the attorney-in-fact that keeps their powers in effect should you become unable to manage tasks due to illness or injury.

Without a durable power of attorney, loved ones cannot handle your financial affairs nor have any input regarding medical decisions. Instead, they will have to appear to court to obtain authority while in the midst of a crisis. This can easily be avoided by executing both a medical and financial power of attorney.

Real Estate Investing article on "Durable Power of Attorney "

July 27, 2011

Power of Attorney

Granting Power of Attorney rights to a person is common practice in the field of estate planning. These powers give a person authority to make financial and healthcare decisions on your behalf when you are unable to do so.

Before assigning Power of Attorney rights it's important to give careful consideration to the person who will become your voice. The representative may have to make very difficult decisions, some of which conflict with ideals of relatives.

Real Estate Investing article on "Power of Attorney"