A typical Power of Attorney document grants legal control to the named Attorney-in-Fact immediately upon signature, be it for specific actions or for general personal or business functions should a person become incapacitated.
But can a Power of Attorney document be drafted to only take effect AFTER the maker is unable to make personal decisions? Continue reading Can Power of Attorney Be Activated After Incapacitation?
A corporation or limited liability company can authorize any person to act on its behalf through the proper process. Continue reading Can a Corporation or LLC Designate a Non-Member to Act on its Behalf?
Only the state of Pennsylvania currently requires a Power of Attorney form in which the Attorney-in-Fact must sign the document. Continue reading Does the Person Assigned with Power of Attorney Sign the Document?
A Power of Attorney document is effective only while the person who created the document is alive. When the maker (called the Principal) dies, the document is no longer valid and grants no authority.
The Attorney-in-Fact named in a Power of Attorney document has an obligation to manage the business affairs of the Grantor in his or her best interest.
Typically, that means keeping personal, financial and account information confidential. Continue reading If I Am My Mother’s Attorney-in-Fact, Must I Share Financial Information About Her Accounts with my Siblings?
No. Only the Maker of a Last Will and Testament can sign the Will document.
No person can be authorized via Power of Attorney to create and sign a Will on behalf of the Grantor of the POA.
A Limited Liability Company can execute a Power of Attorney document for nearly any business transaction, naming an Attorney-in-Fact to perform some or all functions or duties on behalf of the LLC. Continue reading Can a Limited Liability Company Designate Someone with Power of Attorney for Real Estate Transactions?
A properly drafted, executed and notarized Power of Attorney document, containing the language necessary to appoint an Attorney-in-Fact for the principal, should be recognized in states other than the state where it was prepared and signed originally.
Standard Legal’s Power of Attorney package does not contain ANY health care language.
The Power of Attorney legal forms software title focuses instead on handling the business affairs of the maker, either on-going or for a set period of time, and is effective immediately upon execution.
Instead, you should review Standard Legal’s Living Will legal forms software offering. Continue reading If I Get Sick, How Do I Outline My Healthcare Wishes with Your Power of Attorney Package?