Indiana Limited Power of Attorney to Deal with Oil and Gas Properties
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How to fill out Limited Power Of Attorney To Deal With Oil And Gas Properties?
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FAQ
To elect a POA representative, an individual is required to submit a Form POA-1 to the Indiana Department of Revenue (DOR) by uploading an electronic Power of Attorney (ePOA) on INTIME or by mailing or faxing in a copy of the original paper form.
Lawyers in Indiana typically charge between $168 and $448 per hour, with the average being $242.
Indiana power of attorney requirements Get startedGet startedPrice (one-time) NonePrice (one-time) One-time fee of $159 per individual or $259 for couples.Price (annual) $99 to $209 per year.Price (annual) $19 annual membership fee.Access to attorney support NoAccess to attorney support No2 more rows ?
Please note that Indiana law has very specific requirements for a Power of Attorney to be valid. The member's signature must be witnessed and attested to by a Notary Public. The Notary Public must also sign the document along with their printed name and the notarial seal.
A general power of attorney allows another party to act as they see fit on your behalf concerning all your legal needs. By contrast, a limited power of attorney enables a chosen representative to act for a specific purpose.
For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances. An attorney can customize a general POA to limit powers even more?or add powers, Berkley says.
However, a general power of attorney only operates while you are still coherent and mentally capable. It automatically expires upon incapacity or death. A durable power of attorney remains operational upon incapacity, although it expires upon death.
An Indiana Power of Attorney (PoA) is a legal document that grants someone else permission to manage your legal and financial affairs, such as signing contracts, accessing your bank account(s), and selling your property.