Whether you are preparing to transfer your financial or health care responsibilities to an agent or just want to designate someone to take care of your affairs, you will need to complete a power of attorney form. The form should be filled out and signed by the principal and agent and preferably before two witnesses. Although it does not have to be filed with the government, it must be witnessed. A Notary Public or two witnesses are often necessary.
How to Complete a Power of Attorney?
In order to make this important document, you will need to select a POA form that suits your specific needs. It is important to choose a form that will meet the state’s requirements. In most states, a power of attorney ends when the principal becomes incapacitated. But in some states, the Whistleblower Attorney remains valid for as long as the principal is alive. It is important to choose a durable POA form if you plan on using your agent or attorney.
Another thing to consider is the agent you choose. Having a child as your agent may make it difficult to deal with multiple kids, especially if they are very different from each other. A POA is not a license for stealing; it is a legal document that gives an agent complete control of your assets and finances. However, this does not mean that the agent can do whatever they want, as long as they are capable and trustworthy.