Montana Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders
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How to fill out Durable Power Of Attorney For Limited Purpose Of Executing Division Orders And Transfer Orders?
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FAQ
The durable POA remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves. On the other hand, a limited POA or springing POA only takes effect under certain specified circumstances, such as when the principal becomes incapacitated.
A durable power of attorney, or durable POA, gives someone permission to make financial or health care decisions for you if you become temporarily or permanently incapable of managing your own affairs. Unlike a regular power of attorney, a durable POA stays in effect even if you become incapacitated.
The durable power of attorney allows an agent to continue to act on the principal's behalf even after the principal suffers a stroke, dementia or other incapacitating illness or accident.
Notarization Requirement If you give away the power to transact real estate, you'll also need to have the POA notarized to record (file) it in the land records office.
General power of attorney And, unless designated as durable (see below), the power ends when you become incapacitated. 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.
