Maine Durable Power of Attorney to Execute Oil and Gas Lease
Description
Form popularity
FAQ
Durable Power Of Attorney Laws in Maine In the state of Maine, an agent may be authorized to manage finances and/or make health care decisions. This is known as the "Durable Power of Attorney" (DPOA) for finances. A DPOA for finances allows an agent to spend money on your behalf and manage your property.
File a Copy With the Land Records Office If you gave your agent the power to conduct real estate transactions, you should also file a copy of your POA in the land records office (in Maine, this office is called the register of deeds) in the county where you own real estate.
One major downfall of a POA is the agent may act in ways or do things that the principal had not intended. There is no direct oversight of the agent's activities by anyone other than you, the principal.
Unless authorized by the court by specific order, a guardian for an adult does not have the power to revoke or amend a power of attorney for health care or an advance health care directive or power of attorney for finances executed by the adult.
Durable Power Of Attorney Laws in Maine In the state of Maine, an agent may be authorized to manage finances and/or make health care decisions. This is known as the "Durable Power of Attorney" (DPOA) for finances. A DPOA for finances allows an agent to spend money on your behalf and manage your property.
A Maine tax power of attorney (Form ME-2848), otherwise known as the Maine Revenue Services Power of Attorney and Declaration of Representative, is a form used when someone wishes to appoint an accountant, tax attorney, or other financial representatives to handle their tax matters such as filings and inquiries.
With a non-durable POA, your agent's authority ends as soon as you become incapacitated. If you have a durable POA, your agent can continue to make decisions for you even after you become unable to make them yourself.
2. Sign the POA in the Presence of a Notary Public. As mentioned above, in Maine, you should also have the POA notarized.
