Maryland Affidavit as to Principal's Competence at Time of Granting Power of Attorney
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How to fill out Affidavit As To Principal's Competence At Time Of Granting Power Of Attorney?
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FAQ
You may use Form 548 Power of Attorney to appoint one or more individuals to represent you in tax matters before the Comptroller of Maryland. You may use Form 548 for any matters a?ecting any tax or fee administered by the Comptroller of Maryland, and the power granted is limited to these tax matters.
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.
The Maryland General and Limited Power of Attorney Act generally use the Uniform Power of Attorney Act as its inspiration. Maryland, however, departs in significant ways from the Uniform Act.
You can appoint someone to make medical decisions for you by completing the Maryland Advance Directive Form. Two witnesses must co-sign the form. The form does not need to be notarized. You or your agent are responsible for notifying your health care provider that you have an Advance Directive.
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
Statutes Text §17?105. (a) In this section, ?durable power of attorney? means a power of attorney by which a principal designates another as an attorney in fact or agent and the authority is exercisable notwithstanding the principal's subsequent disability or incapacity.
By filing Form 548 with the Comptroller of Maryland, you will be able to effectively revoke your POA. It is important to note however that a POA can only be revoked if you are mentally competent. If you are incapacitated you cannot revoke a POA.
The POA must be signed by the principal (or someone the principal directs to sign on their behalf, in the principal's presence). The POA must be signed in the physical or electronic presence (i.e., able to communicate in real time) of at least two adult witnesses. Maryland General Assembly.
