This is an official form from the Virginia Judicial System, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Virginia statutes and law.
Virginia Power of Attorney For New Or Additional Bond
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How to fill out Virginia Power Of Attorney For New Or Additional Bond?
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FAQ
Tell your agent that if he uses your power of attorney and must sign a document on your behalf, he should sign as follows: __________ (Your name) by __________(Agent's name), agent for _________(your name). It will then be clear that he is signing on your behalf only and is not making himself liable for your debts.
The power of attorney goes into effect immediately at signing, or at a future date that is specified in the document. In the Commonwealth of Virginia, the original document must be signed and should be notarized.
The power of attorney goes into effect immediately at signing, or at a future date that is specified in the document. In the Commonwealth of Virginia, the original document must be signed and should be notarized.
Generally, the document must be signed, witnessed and notarized by an adult. If your agent will have to deal with real estate assets, some states require you to put the document on file in the local land records office. The power of attorney for finances is typically extinguished upon death, revocation, or divorce.
You must sign the document before a notary for it to be legally valid. You can choose to have it witnessed by two individuals. Although this is not required under Virginia law, it is in other states, which means doing so provides added protection should the form need to be presented in another state.
Choose an agent. Before you begin to fill out the form, you have some decisions to make. Decide on the type of authority. You can choose whether you want your POA to be broad or narrow. Identify the length of time the POA will be in effect. Fill out the form. Execute the document.
Include their address, relationship to you, phone number, or email address. Also specify whether the durable power of attorney applies to financial decisions, health care decisions, legal decisions, or all three areas. Include any instructions you would like to leave for your agent.
After the principal's name, write by and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: as POA, as Agent, as Attorney in Fact or as Power of Attorney.
The Principal can override either type of POA whenever they want. However, other relatives may be concerned that the Agent (in most cases a close family member like a parent, child, sibling, or spouse) is abusing their rights and responsibilities by neglecting or exploiting their loved one.