Va Power Of Attorney

Category:
State:
Virginia
Control #:
VA-P005
Format:
Word; 
Rich Text
Instant download

Description

The Virginia Power of Attorney is a legal document that appoints an agent to act on behalf of the principal in a variety of business and financial matters. Key features include comprehensive authority over real property transactions, personal property dealings, banking, business operations, insurance, estate and trust management, and claiming governmental benefits. The form includes specific instructions for filling and editing, ensuring it is clear and straightforward for various users. It is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who may assist clients in managing their financial affairs, especially during periods of incapacity. The document allows for a 'springing event' which activates the agent's power upon certification of the principal's disability by two physicians. Additionally, it incorporates provisions for handling digital assets, ensuring the agent has the necessary access to electronically stored information. The form emphasizes the duties and liabilities of the agent and necessitates notarization for validity. The power granted in this document continues until revoked or until the principal regains the capacity to make decisions.
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How to fill out Virginia Springing Power Of Attorney?

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FAQ

To create a POA in Virginia, you must be at least 18 years of age and have the capacity to make decisions and understand what you are doing. You complete the form, naming your agent and choosing the powers you want to give them. You must choose the powers you are specifically granting to your agent.

A POA used for real estate purposes may need to be recorded: Virginia Code § 64.2- 1603 provides that in order to be recordable a POA shall satisfy the requirements of A§ 55-106. Recordation requirements as set forth in Virginia Code A§ 17.1-223 may require the surnames of the Principal and Agent be capitalized and

You must comply with Virginia's signature requirements. You must sign your power of attorney or direct another person in your presence to sign your name for you if you are physically unable to sign. You do not need witnesses, but you should have it notarized by a notary public.

A power of attorney is not required to be acknowledged before a notary public but the party's signature is deemed to be genuine if acknowledged before a notary public. Any power of attorney that is presented for recording with the Circuit Court must be acknowledged before a notary public or deputy clerk.

A power of attorney can be created without legal assistance and almost free of charge. In fact, one can find a free POA form online and simply print it and fill it out. One can also have a POA created online for as little as $35.

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Va Power Of Attorney