Alaska Power of Attorney is a legal document that allows an individual (the principal) to grant another individual (the agent or attorney-in-fact) the authority to manage his or her affairs. The principal can give the agent the power to make financial decisions, legal decisions, and medical decisions, as well as other types of decisions, on the principal's behalf. There are three types of Alaska Power of Attorney: Durable Power of Attorney, Springing Power of Attorney, and Limited Power of Attorney. Durable Power of Attorney grants the agent authority to act on the principal's behalf if the principal becomes incapacitated. Springing Power of Attorney grants the agent the authority to act if a certain event occurs. Limited Power of Attorney grants the agent authority to act on the principal's behalf for a specific purpose or for a limited period of time.
Alaska Power of Attorney
State:
Alaska
Control #:
AK-CR-967
Format:
PDF
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Power of Attorney
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A power of attorney is a legal document that allows a principal to appoint an agent to act for them should they become incapacitated. The agent is expected to place the principal's interests ahead of his or her own, which is why it is important for you and your loved one to pick a trusted individual.With a nondurable POA, your agent's power to act ends if you become incapacitated. A power of attorney (POA) is legal authorization for a designated person to make decisions about another person's property, finances, or medical care. Today, most states permit a "durable" power of attorney that remains valid once signed until you die or revoke the document. A Durable Power of Attorney (also called an Enduring Power of Attorney) is valid regardless of whether you, the principal, are competent. A durable power of attorney gives your agent the right to make decisions and take the actions specified for the long term. If it is durable, the power of attorney will continue to be effective after you lose competency to make your own decisions. A durable power of attorney gives your agent the right to make decisions and take the actions specified for the long term. With a durable power of attorney, the agent's authority to act does not expire if the principal becomes incapacitated.