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A Kentucky general power of attorney form allows individuals to authorize a third party to act as their attorney-in-fact. The attorney-in-fact will be responsible for, among other things, dealing with banks, government departments, creditors, debtors, and investments on behalf of the principal.
Under KRS 457.050, the principal must now sign in the presence of a notary public to create a valid POA. Under the prior law, a power of attorney could be executed with the principal's signature in the presence of two disinterested witnesses.
A Kentucky car title transfer consists of two stages. The buyer and seller meet in person, with a notary public. The buyer pays the seller. All three parties (buyer, seller, and notary) fill out and sign the physical title certificate.
If you will be represented by a third party, whether in person or by correspondence, you must file a power of attorney specifically authorizing the individual to represent you or your organization. Kentucky Form 20A100 "Declaration of Representative" is used for this purpose.
The most recent change specifically states that an individual must expressly authorize the power to gift. It also creates limits and details about certain gifts to specific persons who are serving as agents that must be expressly authorized.
A marriage or legal separation is filed, unless the power of attorney document provides otherwise. Just as under the present law, a power of attorney is not required by the new law to be recorded, unless it is being use to convey, release or transfer any interest in real estate.
The Kentucky motor vehicle power of attorney (Form TC96-336) is a form that grants the owner(s) of a motor vehicle the ability to appoint another individual (the "attorney-in-fact") to represent them in vehicle-related transactions.
Notarization Requirement While Kentucky does not technically require you to get your POA notarized, notarization is very strongly recommended. Under Kentucky 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.
(a) Act in ance with the principal's reasonable expectations to the extent actually known by the agent and, otherwise, in the principal's best interest; (b) Act in good faith; and (c) Act only within the scope of authority granted in the power of attorney.