Arizona Power Of Attorney Document Without Comments

State:
Arizona
Control #:
AZ-POA-3
Format:
Word; 
Rich Text
Instant download

Description

This form is a durable power of attorney. The form provides that the agent of the principal is only authorized to use the principal's funds for the best interest of the principal. If the agent fails to comply with principal's instructions, the agent then may be liable for criminal charges or civil liability.


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How to fill out Arizona Durable Power Of Attorney?

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FAQ

An Arizona durable power of attorney must be signed with the principal and one (1) witness in the presence of a notary public. The witness cannot be the agent, the agent's spouse, the agent's children, or the notary public (ARS § 14-5501(D)(3)).

Does a Power of Attorney have to be recorded? It does not have to be recorded immediately after you sign it. If your Agent has to handle a real estate transaction for you, the Power of Attorney will need to be recorded at the time of the transaction.

Commonly, among those powers and authorities, your agent will be able to write checks, make deposits, pay bills, take care of your house, your bank account, your car, your retirement plan, enter your safe deposit box, and pay your taxes.

One major downfall of a POA is the agent may act in ways or do things that the principal had not intended. There is no direct oversight of the agent's activities by anyone other than you, the principal. This can lend a hand to situations such as elder financial abuse and/or fraud.

The Power of Attorney does not need to be filed with the Court. Each person who is made your Agent should keep the original of his or her Power of Attorney form in a convenient place so that it can be located easily when needed.

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Arizona Power Of Attorney Document Without Comments