Durable Power General Power Of Attorney Form Pdf
Therefore it s recommended to have the agent be someone who the principal can trust and who.
Durable power general power of attorney form pdf. The term durable means that if the principal would become incapacitated or no longer be able to think for themselves that the form would remain valid and in effect unlike general power of attorney. A durable power of attorney form allows an individual principal to select someone else agent or attorney in fact to handle financial related matters on their behalf. Free printable general power of attorney forms. Adobe pdf ms word docx opendocument.
The agent or appointed person can then make decisions for your government benefits investments retirement plan real estate and insurance among others. Financial durable power of attorney form. The term durable means that if the principal should become incapacitated the form would remain in effect. This is the pdf format of a general power of attorney form and can be used by any person.
While a durable power of attorney remains intact in the event of the principal s incapacitation a general power of attorney becomes void as soon as the principal is unable to make. The new mexico general power of attorney form is a great option for those looking to appoint someone else to handle all or most of their financial affairs. A general power of attorney form is used by an individual who would like someone else to have specific or unlimited control to make financial decisions on their behalf until their death or incapacitation. General power of attorney allows an individual the principal to select an individual the agent to handle their financial affairs only unlike durable power of attorney the general does not allow the agent to be able to make decisions on the principal if he or she is not mentally capable also known as incapacitated due to a coma.
Financial durable power of attorney forms are used to appoint someone else to manage your finances for you in the event that you become incapacitated or mentally incompetent to do so. General financial power of attorney grants the same financial powers listed in the durable form except that it does not remain in effect if the principal becomes incapacitated or mentally disabled. A durable power of attorney is a designation that is given to someone else to be able to handle financial transactions on their behalf. Power of attorney or 2 the principal s signing or acknowledgment of his or her signature.
When effective this durable power of attorney will give. Your agent will be able to make decisions and act with respect to your property including your money whether or not you are able to act for yourself. A durable power of attorney that may affect real property should be acknowledged before a notary public so that it may easily be recorded. You should read this durable power of attorney carefully.
Alabama durable power of attorney form important information this power of attorney authorizes another person your agent to make decisions concerning your property for you the principal.