Indiana Affidavit of Principal that Power of Attorney not Revoked and in Full Force

State:
Multi-State
Control #:
US-P098A
Format:
Word; 
Rich Text
Instant download

Description

This affidavit is for a Principal to certify that the power of attorney has not been revoked and remains in full force. For all States except Florida, Georgia, Michigan, Ohio, South Carolina or Vermont.

How to fill out Indiana Affidavit Of Principal That Power Of Attorney Not Revoked And In Full Force?

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FAQ

You can write a POA in two forms: general or limited. A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.

Power of attorney is said to be Revocable If it is revocable at the will of the principal. And Irrevocable If it is not revocable at the will of the principal. Sometimes a power of attorney might contain a clause in it which states that such power of attorney is irrevocable.

An affidavit is a sworn written statement. A third party may require you, as the Attorney-in-Fact, to sign an affidavit stating that you are validly exercising your duties under the Power of Attorney. If you want to use the Power of Attorney, you do need to sign the affidavit if so requested by the third party.

Cancellation/Revocation of Power: In case the Executor/Principal finds that the Attorney has acted beyond the powers granted to him, or the purpose of the POA is over or the Attorney has died, turned insolvent or insane, the Executor/Principal may revoke the POA at his own will.

Section 202 of the Act states that if the agent in a principal-agent relationship has an interest in the agency then, the power of attorney cannot be revoked without the consent of the agent.

Although a PoA is something when granted is of an irrevocable nature, if there is gross mismanagement on part of the agent, if the agent breaches the terms of the contract or if the agent acts beyond the scope of the powers, then the PoA can be revoked.

The principal can revoke a POA when there is gross mismanagement on the agent's part, the agent breaches the contract terms, or acts beyond his/her scope of powers. In such cases, even an irrevocable POA can be revoked by issuing a revocation notice.

Affidavit of power of attorney. A power of attorney (POA) is a legal document signed by one person, known as the principal, that gives another person, the agent, the authority to act on the principal's behalf.

Some of the conditions for revocation are ( by virtue of Section 201 of the Indian Contract Act, 1872): If the principal revokes the Power of Attorney granted to the agent. If either the principal or the Power of Attorney holder or both become unsound of mind, die or is/are adjudicated as insolvent by the court.

How to write an affidavitWrite the heading AFFIDAVIT.State your name and personal details (i.e. ID number, gender, address, contact details, etc.).State that you are making a declaration under oath (i.e. I, the undersigned, declare the following under oath).Write the facts in a numbered list.More items...

More info

A power of attorney is a legal document that lets you (the ?principal?) appoint someone (the ?agent?) to act on your behalf in financial matters. THAT I hereby represent that the said principal is now alive; has not, at any time revoked or repudiated the said power of attorney; and the said power of ...An important part of lifetime planning is the power of attorney. A power of attorney is accepted in all states, but the rules and requirements differ from ... SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNTThe Power of Attorney cannot be an employee of JPMorgan Chase & Co. or an ...5 pagesMissing: Indiana ? Must include: Indiana SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNTThe Power of Attorney cannot be an employee of JPMorgan Chase & Co. or an ... The power of attorney document must be signed by the principal before a notary public. If the principal is not able to physically sign the ... An attorney in fact has authority to sign the principal's name and have that signature notarized without the principal being present. Are there ... A "Durable" Power of Attorney enables the Agent to act for the Principal evenAnd do not allow anyone to force you into signing a Power of Attorney. Instructions for Completing the Repossession Affidavit .Secure Power of Attorney, Title) a signed photocopy is not acceptable. Florida law gives the option to create a ?durable? power of attorney,the principal is not deceased and the power of attorney remains in full force and ... Fiduciary has the same power to revoke or amend the power of attorney that the principal would. 24 have had if he were not disabled or incapacitated.

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Indiana Affidavit of Principal that Power of Attorney not Revoked and in Full Force