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In Nebraska, the lifespan of a POA is typically determined by the stipulations mentioned in the POA document itself. This means the POA could be set to expire on a certain date, upon the occurrence of a specific event, or when the principal becomes incapacitated or dies.
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.
You can make several different types of POAs in Nebraska. In particular, many estate plans include two POAs: a POA for finances, which allows someone to handle your financial or business matters, and. a POA for health care, which allows someone to make medical decisions on your behalf.
If you initialed "real property," giving your agent the power to conduct transactions with real estate, you should also file a copy of your POA in the land records office of the county where you own real estate or expect to transact real estate. In Nebraska, this office is called the register of deeds.
One way to do that is to make copies of your revocation and attach it to your old POA with the word ?revoked? written across the old form. Then provide the two documents to your agent, your successor agent, if any and any other entity that might be relying on the old POA.