Virginia Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders

State:
Multi-State
Control #:
US-OG-020
Format:
Word; 
Rich Text
Instant download

Description

This form is described in the title. If an agent/attorney in fact signs a division order for a third party, the disburser of production will most probably call for an original of this power of attorney to accompany the signed division order, or a copy of a recorded power of attorney accompany the division order.

How to fill out Durable Power Of Attorney For Limited Purpose Of Executing Division Orders And Transfer Orders?

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FAQ

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.

Virginia does not require another witness other than the Notary Public. The Notary Public does not need to read the entire Power of Attorney, but should read and complete the section preceding his or her signature.

While Virginia does not technically require you to get your POA notarized, notarization is very strongly recommended. Under Virginia law, when you sign your POA in the presence of a notary public, your signature is presumed to be genuine?meaning your POA is more ironclad.

If the power of attorney is durable and might be used to handle real estate transactions, it should also be recorded with the circuit court in the county where the property is located.

The specific requirements are different in each state; however, in Virginia, your document will need the signature of a notary. If your agent(s) will have the authority to engage in real estate transactions, the Power of Attorney must be notarized and recorded or filed with the county.

§ 64.2-1602. A power of attorney created under this chapter is durable unless it expressly provides that it is terminated by the incapacity of the principal.

Steps for Making a Financial Power of Attorney in Virginia Create the POA Using Software or an Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent. ... File a Copy With the Land Records Office. ... Consider Giving a Copy to Financial Institutions.

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Virginia Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders