Iowa Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties

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Multi-State
Control #:
US-OG-021
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Word; 
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Description

This power of attorney grants the agent/attorney in fact more comprehensive powers in dealing with oil and gas properties. By being durable, it allows the agent to execute oil and gas leases and otherwise deal with properties after the disability or incapacity of the principal/owner.
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FAQ

A power of attorney must be acknowledged before a notary public or other individual authorized by law to take acknowledgments. An agent named in the power of attorney shall not notarize the principal's signature. An acknowledged signature on a power of attorney is presumed to be genuine. Iowa Code 2023, Section 633B.105 iowa.gov ? docs ? code iowa.gov ? docs ? code

A Power Of Attorney Doesn't Address What Happens to Assets After Your Death. A power of attorney ends at your death, so it does not do anything to protect your wealth after you are gone or to facilitate the timely transfer of assets to loved ones.

Steps for Making a Financial Power of Attorney in Iowa Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Recorder's Office. Iowa Power of Attorney Laws | Iowa POA - Nolo nolo.com ? legal-encyclopedia ? iowa-powe... nolo.com ? legal-encyclopedia ? iowa-powe...

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. Power of Attorney: Rights and Limitations - Trust & Will trustandwill.com ? learn ? power-of-attorney-right... trustandwill.com ? learn ? power-of-attorney-right...

A Power of Attorney or POA is a document that authorizes someone else to act as your agent. For example, you might grant or give a POA to a friend, authorizing your friend to act as your agent to sell your car, ship your household goods, or obtain medical care for your child. POWERS OF ATTORNEY - forcecom.uscg.mil uscg.mil ? Portals ? Power of Atto... uscg.mil ? Portals ? Power of Atto...

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Iowa Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties