Sometimes in life, a situation will arise where the mental or physical capacities of a person are reduced to the point where he can no longer make decisions for himself. Daily decisions must be left in the hands of another trusted person.
Or perhaps another situation comes to bear where person is unable to personally attend to a specific legal affair or piece of business, and wishes to have a designated representative handle the affair or transaction on his behalf.
In either case, what's needed is a Power of Attorney. A Power of Attorney document allows one person to designate another person to handle the business, financial and legal affairs of the person signing the form, either for a specific function or for overall day-to-day needs.
THESE POWER OF ATTORNEY FORMS ARE VERY POWERFUL LEGAL DOCUMENTS! The person(s) named as "attorney-in-fact" will have the ability -- once these documents are signed, witnessed and notarized and provided to such person(s) -- to conduct the business, transaction or engage in the conduct set forth on the document. In short, these documents allow the persons named as attorney-in-fact to carry out the business of the person signing this document, the same way as if he or she could do it him or herself. The persons named as "attorney-in-fact" must be trustworthy and have the best interest of the person signing this document in mind, so this program and the resulting forms should be used with the utmost care.
Below are some Power of Attorney products and services examined by the American Legal Review:
Create a customized, fully legal Power of Attorney document in minutes! This Standard Legal Software package allows anyone to quickly and easily create a Power of Attorney document that is tailored to fit most every personal situation. The software includes both a Limited Power of Attorney for specific personal situations, or the more general Durable Power of Attorney to handle a broader range of issues. Plus a Revocation document to end the Power of Attorney relationship! Valid in all states once notarized.
There are three types of Power of Attorney forms contained within the Standard Legal Software package:
DURABLE POWER OF ATTORNEY
LIMITED POWER OF ATTORNEY
REVOCATION OF POWER OF ATTORNEY
AMERICAN LEGAL REVIEW RECOMMENDS:
POWER OF ATTORNEY SOFTWARE FROM STANDARD LEGAL
Durable Power of Attorney (Effective Immediately) - Allows an individual (called the "Principal" or "Grantor") to authorize someone else (called the "Attorney-in-fact" or "Agent") to act on his or her behalf. This Durable Power of Attorney document becomes effective immediately upon signing and stays in effect even if the Principal later becomes incapacitated or disabled.
A power of attorney is an instrument containing an authorization for one to act as the agent of the principal that terminates at some point in the future either by its terms or by operation of law such as death of the principal or agent. They are also called letters of attorney. The person appointed is usually called an Attorney-in-Fact. The person making the power of attorney appointment is called the principal. A power of attorney can be either general, durable or limited. Some states have adopted a statutory power of attorney. Other specific types of power of attorneys include: Health Care Power of Attorney, Power of Attorney for Care and Custody of Children, Power of Attorney for Real Estate matters and Power of Attorney for the Sale of a Motor Vehicle. Free law summaries provide a detailed explanation of state specific law concerning the power of attorney.
Creating a valid Power of Attorney can be a complicated legal process. There are often a significant number of legal forms to prepare and file. If you come to the decision that you cannot handle the paperwork and required legal filings, then you need to find the best local attorney you can to help you.
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