West Virginia Limited Power of Attorney to Deal with Oil and Gas Properties

State:
Multi-State
Control #:
US-OG-023
Format:
Word; 
Rich Text
Instant download

Description

This form of limited power of attorney grants the agent/attorney in fact powers to deal with oil and gas properties. It is not durable.
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How to fill out Limited Power Of Attorney To Deal With Oil And Gas Properties?

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FAQ

If a person does not have a living will, a durable power of attorney for health care can appoint another named person (called an ?agent? or a ?proxy?) to make health care and end-of-life decisions for an debilitated patient. The details of West Virginia's durable power of attorney statutes are listed below.

A medical power of attorney can be completed without the assistance of a lawyer. However, all advance directives must be witnessed by 2 witnesses and notarized.

A West Virginia limited power of attorney form allows a resident to choose someone else to handle a specific financial activity or decision on their behalf. This restricted appointment may be anything as serious as handling a real estate transaction, more commonly a closing, to simple tasks such as paying bills.

A Power of Attorney (PoA) can be revoked while the principal is mentally sound. If the principal passes away, it is automatically canceled. To revoke a PoA, the principal must provide written notice to the agent, sign the document in the presence of a notary public, and deliver it to the agent.

A Virginia Limited Power of Attorney Form is the paperwork required for an agent to prove he or she has your approval to represent you in a specific matter or distinct transaction(s). There are numerous scenarios where the presence of you or a representative is mandatory.

A West Virginia Tax Power of Attorney (Form WV-2848) is a required submission when a taxpayer wants to gain approval from the West Virginia State Tax Department for their delegation of principal authority to an agent.

The specific requirements governing PoA forms are different in each state; however, in West Virginia, your document will require the signature of a notary. If your agent will engage in real estate transactions, the Power of Attorney must be acknowledged by a notary public and filed or recorded with your county.

Steps for Making a Financial Power of Attorney in West Virginia Create the POA Using a Statutory Form, Software, or Attorney. ... Sign and Notarize the POA. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.

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West Virginia Limited Power of Attorney to Deal with Oil and Gas Properties