This is a limited power of attorney for Kentucky. You specify the powers you desire to give to your agent. Sample powers are attached to the form for illustration only and should be deleted after you complete the form with the powers you desire. The form contains an acknowledgment in the event the form is to be recorded.
Kentucky Limited Power of Attorney where you Specify Powers with Sample Powers Included
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General Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Springing Durable Power of Attorney.
A limited power of attorney grants the representative that you choose (the agent or attorney-in-fact) the power to act on your behalf under limited circumstances.Under a general power of attorney, the agent or attorney-in-fact can do anything that you can do.
Non-Durable Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Medical Power of Attorney. Springing Power of Attorney. Create Your Power of Attorney Now.
The Principal can override either type of POA whenever they want. However, other relatives may be concerned that the Agent (in most cases a close family member like a parent, child, sibling, or spouse) is abusing their rights and responsibilities by neglecting or exploiting their loved one.
1. Durable Power of Attorney. A durable power of attorney, or DPOA, is effective immediately after you sign it (unless stated otherwise), and allows your agent to continue acting on your behalf if you become incapacitated.
A general power of attorney gives broad authorizations to the agent. The agent may be able to make medical decisions, legal choices, or financial or business decisions.For example, you could create a special power of attorney which only allows your spouse to make medical decisions on your behalf.
Limited Power of Attorney (LPOA) is an authorization that permits a portfolio manager to perform specific functions on behalf of the account owner. In general, the LPOA allows the manager to execute an agreed-upon investment strategy and take care of routine related business without contacting the account holder.
A general power of attorney ends on your death or incapacitation unless you rescind it before then. Durable. A durable power of attorney can be general or limited in scope, but it remains in effect after you become incapacitated.