Alabama Affidavit by an Attorney-in-Fact in the Capacity of a Court Appointed Receiver

State:
Multi-State
Control #:
US-00486BG
Format:
Word; 
Rich Text
Instant download

Description

The following form is by an affiant as a court appointed receiver.

How to fill out Affidavit By An Attorney-in-Fact In The Capacity Of A Court Appointed Receiver?

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FAQ

Power of Attorney and Health Care ? General ? Alabama Execution: This power of attorney must be in writing, signed by the principal, dated and notarized. The Principal should sign the power of attorney in the presence of the notary or other person taking the acknowledgment.

Many people mistakenly believe they can continue using a power of attorney to manage these aspects of the deceased's estate. However, a power of attorney is no longer valid after death, and the responsibility falls on the court-appointed personal representative or executor to go through probate proceedings instead.

While Alabama does not technically require you to get your POA notarized, notarization is very strongly recommended. Under Alabama law, when you sign your POA in the presence of a notary public, you signature is presumed to be genuine?meaning your POA is more ironclad.

An Affidavit of Heirship is a legal document used to establish the heirs of a deceased person and their respective interests in the deceased person's estate when the deceased person dies without a will (intestate) or when there are uncertainties about the heirs and their inheritance rights.

If a person does not have capacity to sign a power of attorney,the only way for someone to obtain this legal authority is by filing a petition for guardianship and/or conservatorship, which begins a court proceeding.

The principal can always override a power of attorney, although it's possible for others to stop an agent from abusing their responsibilities.

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.

The laws governing PoA forms vary in each state; however, in Alabama, your Power of Attorney will require notarization. If your agent will have the ability to handle real estate transactions, the Power of Attorney will need to be signed before a notary and recorded or filed with the county.

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Alabama Affidavit by an Attorney-in-Fact in the Capacity of a Court Appointed Receiver