Maine General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters

State:
Multi-State
Control #:
US-OG-191
Format:
Word; 
Rich Text
Instant download

Description

This form is used by a principal to appoint an agent and attorney in fact for all matters regarding property.
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  • Preview General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters
  • Preview General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters
  • Preview General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters
  • Preview General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters
  • Preview General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters

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FAQ

You can give someone the legal authority to act for you with a document called a Power of Attorney. If you give a Power of Attorney, you are called the principal and the person you give it to is called the agent or the attorney-in-fact.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

This is a significant clarification which expressly allows someone other than the principal to physically sign the document. A power of attorney must be notarized to be effective in Maine.

A Power Of Attorney Doesn't Address What Happens to Assets After Your Death. A power of attorney ends at your death, so it does not do anything to protect your wealth after you are gone or to facilitate the timely transfer of assets to loved ones.

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Maine General Durable Power of Attorney Appointing Agent to Act For Principal Regarding All Property Matters