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Unless you specify otherwise, generally the agent's authority will continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you. Your agent is entitled to reasonable compensation unless you state otherwise in the Special Instructions.
Steps for Making a Financial Power of Attorney in Hawaii Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.
A power of attorney executed outside of Hawaii is valid in Hawaii if, when the power of attorney was executed, the execution complied with the law of the jurisdiction that determines the meaning and effect of the power of attorney or the requirements for a military power of attorney.
A "power of attorney" is a legal document in which a person (the "principal") appoints another as his or her "attorney-in-fact". The attorney-in-fact has the authority to do those acts that are specified in the power of attorney.
You can write a POA in two forms: general or limited. A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.
Steps for Making a Financial Power of Attorney in Hawaii Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.
A Hawaii durable power of attorney form can be used to grant authority to another person expected to handle financial affairs, property, and assets. It is read the form carefully to make sure the powers that are being given to the agent. It is important that the agent appointed someone that can be trusted.
The requirements governing PoA forms vary in each state; however, in Hawaii, your Power of Attorney will need to be notarized. If your agent will engage in real estate transactions, the Power of Attorney will need to be signed before a notary public and filed or recorded with the county.