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A General power of attorney (GPoA) is a legal document authorising one person (called an agent) to act on behalf of another (the principal).A Special power of attorney (SPoA) is a legal document authorising one person (called an agent) to act on behalf of another (the principal).
The power of attorney must be signed by the principal or by another adult in the principal's presence and under the direction of the principal. The power of attorney is signed and acknowledged before a notary public or is signed by two witnesses.
Most states offer simple forms to help you create a power of attorney for finances. Generally, the document must be signed, witnessed and notarized by an adult. If your agent will have to deal with real estate assets, some states require you to put the document on file in the local land records office.
General Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Springing Durable Power of Attorney.
To create a valid durable power of attorney for health care in Iowa, you must: Explicitly authorize the attorney-in-fact to make health care decisions, you can use the sample form in Section 144B. 5 or one that is substantially similar. Include the date of creating the document.
Generally, a power of attorney allows you to designate an agent to perform specific functions on your behalf. Under the Texas Estates Code, statutory durable power of attorney can be used to appoint an agent to make certain financial decisions for you should you be unable to do so.
A statutory power of attorney is a power of attorney that copies the language in a state statute. The provisions of the Statutory Power of Attorney are provided by the laws of the particular state. It also includes an example of a form that may be used.
A financial power of attorney requires an acknowledged signature by a notary public. Signing a health care power of attorney can be done in one of two ways: It can be signed and dated in the presence of two witnesses; or. It can be signed and dated before a notary public.
In many states, notarization is required by law to make the durable power of attorney valid. But even where law doesn't require it, custom usually does. A durable power of attorney that isn't notarized may not be accepted by people with whom your attorney-in-fact tries to deal.