POWER OF ATTORNEY (POA) FORMS
What's the difference between a medical power of attorney and a general power of attorney?
- A general (financial) power of attorney appoints an agent to make legal and financial decisions.
- A health care power of attorney (health care proxy) appoints an agent to make medical decisions.
- A child care power of attorney authorizes decisions on child-related matters, such as school enrollment, and medical emergencies.
- A limited power of attorney provides authority to perform specific actions, such as buying a house or opening an account.
- A durable power of attorney survives incapacity, disability, or incompetency events. A general, medical, or special poa can become durable by including specific language.
Do I need an attorney to create a POA?
Consulting with an attorney is always advisable regarding legal affairs but is not required to execute a power of attorney. There are attorney-designed poa forms available online at considerable savings.
Can I revoke a Power of Attorney?
DURABLE POWER OF ATTORNEY
A durable power of attorney continues in effect or takes effect when the principal is incapacitated or disabled. NUPP Legal provides a durable financial power of attorney that can be customized to take effect immediately or when the principal becomes incapacitated (referred to as a "springing" power of attorney).
Question: Do you need an attorney to create a POA?
Answer: Consulting with an attorney is always advisable regarding legal affairs but is not required to execute a power of attorney. There are attorney-designed poa forms available online at considerable savings.
- Sale or purchase of real estate
- Conduct business operations
- Access digital data, electronic accounts
- To invest and reinvest all or any part of your property
- Handle tax matters
- Contract professional services
- Manage retirement plans
- InvestConduct banking
- Pay or collect debts
- Institute legal actions
- Defend against legal attack
- Receive disbursements from established trusts
- Borrow or mortgage
- Manage life insurance or annuities
- Make gifts
- Claim inheritance
- Collect government and military benefits
Is a Power of Attorney valid after death?
No. A power of attorney loses validity when the principal dies.