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4 result(s) displayed (1 - 4):

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 "

October 25, 2011

Medical Power of Attorney

A medical power of attorney form is required when someone wants to let another person make decisions about their healthcare should they become incompetent. The person charged with this responsibility is designated in the POA form as the attorney-in-fact, but this does not mean they have to be a lawyer.

It's smart to establish medical power of attorney regardless of current health status. Unfortunately, no one knows when an expected illness or tragedy will strike and leave them unable to communicate.

It's also smart to execute this document prior to surgery or other types of invasive medical procedures. This type of power of attorney lets a person provide written directives regarding medical treatments, procedures, and services that they do not want to have.

Real Estate Investing article on "Medical Power of Attorney "

October 08, 2011

Power of Attorney Form

A power of attorney form is required whenever you need a person to engage in certain activities regarding healthcare, personal finance, or business matters. There are several different types of POA rights, so it's important to understand which form is required for the transactions that need to be made.

Each power of attorney form includes a Principal and Attorney-in-Fact. The principal is the person granting authority to make decisions for them. The attorney-in-fact is the person charged with the responsibility of completing the tasks.

Real Estate Investing article on "Power of Attorney Form "