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If your agent will engage in real estate transactions, the Power of Attorney must be signed before a notary public and recorded or filed with the county.
While Oregon's power of attorney laws are silent on notarization, signing your POA in the presence of a notary public is very strongly recommended. Many financial institutions will not want to rely on a POA unless it has been notarized?a process that helps to authenticate the document.
The Oregon Limited (Special) Power of Attorney is an express contract configured to bestow a fixed allotment of allowed actions to be performed by a designated agent. The document serves to deliver a finite amount of privileges to an attorney-in-fact to take care of financial matters for a declaring owner.
An Oregon Medical Power of Attorney is a legal document that gives a selected person or entity permission to make health-related decisions for you, such as refusing or accepting a certain medical treatment or procedure, if you cannot do so.
A ?durable financial power of attorney? means that you can use this legal document to authorize someone to handle your finances and operate your business for you. However, others cannot use it to make health-related decisions on your behalf.
However, a general power of attorney only operates while you are still coherent and mentally capable. It automatically expires upon incapacity or death. A durable power of attorney remains operational upon incapacity, although it expires upon death.