This is a statutory form provided for in the Georgia Code that allows you to name one or more persons to help you handle your financial affairs. It grants your attorney in fact (your agent) VERY broad powers with regard to your property and finances. This Power of Attorney does NOT provide for health care services. As long as you are living, the financial power of attorney will remain in effect even if you become incapacitated or unable to communicate your wishes unless a guardian is appointed for your property or you include a date or specific occurrence when you want your document to be canceled.
Ga Power Attorney With Notary Public
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How to fill out Georgia Statutory General Power Of Attorney With Durable Provisions - Financial Power Of Attorney?
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A power of attorney terminates when the principal dies (or, if the document specifies, when the principal becomes incapacitated), when there is no remaining agent who has not resigned, become incapacitated for more than six months, or died, or when the power of attorney's stated purpose is accomplished or its ...
A Power of Attorney Could Leave You Vulnerable to Abuse Often, this does not happen ? at least not unless or until abuse of power becomes egregious. Because of the potential that an agent could take advantage of you or steal from you, it is very important that you select the right person to act as your agent.
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
It must be signed by a notary public or other person authorized to administer oaths. The notary may not be a witness. The principal, witnesses, anyone signing for the principal, and notary must all be present when they sign.
A ?springing? durable power of attorney becomes effective on the day in the future that you become incapacitated. If you never become incapacitated, it does not become effective and your attorney in fact exercises no authority over you or your assets.