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A power of attorney (POA) is an estate planning tool in Alabama where you appoint a person, known as the agent, to manage your affairs. Typically, the POA is appointed to manage financial or medical matters when you cannot do so yourself because you are incapacitated by illness or injury.
The state of Alabama requires those making powers of attorney to be able to comprehend their actions and decisions. If you are helping someone else make a POA, ensure that they understand which rights they're giving up. Although Alabama doesn't require the notarization of POAs, it's highly recommended.
While it's not mandatory to appoint and legally register a POA in the state of Alabama, any Huntsville attorney would strongly advise that you do. You'll need a power of attorney if you become mentally incapacitated and cannot manage your financial, business, real estate, and even personal affairs.
An Alabama durable statutory power of attorney form allows an individual to act in the principal's place for broad or specific financial powers. The form has the 'durable' use that remains in effect even if the principal is no longer able to make decisions for themselves due to mental instability.
The Alabama motor vehicle power of attorney (Form MVT 5-13) gives a selected individual (the ?attorney-in-fact?) the authorization to perform vehicle-related assignments on behalf of the vehicle's owner (the ?taxpayer?).
You can revoke a power of attorney by executing a written revocation signed and dated by yourself or another at your direction, or obliterating, burning, tearing, or otherwise destroying or defacing the document in a way indicating your intention to cancel the document.
IMPORTANT INFORMATION This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). 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.
The Alabama motor vehicle power of attorney (Form MVT 5-13) gives a selected individual (the ?attorney-in-fact?) the authorization to perform vehicle-related assignments on behalf of the vehicle's owner (the ?taxpayer?).