Durable Power Of Attorney DOC For Free - Power Attorney Doc Form

If you name alternate agents, it's a good idea to give those agents a copy of the power of attorney so they can use it if needed. Otherwise, you should keep the document in a secure location, such as a home safe, safety deposit box or stored at your attorney's office.

A durable power of attorney refers to a power of attorney which typically remains in effect until the death of the principal or until the document is revoked.

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.

In the case of a non-durable power of attorney, the agent is generally authorized to act once you sign the document, but the agent's authority ceases when and if you become incapacitated.The term "durable" refers to the document surviving the your incapacity.

A durable power of attorney allows your agent to make decisions on your behalf even if you become incapacitated. For example, your agent can continue (or start) acting on your behalf if you're diagnosed with dementia.For instance, if you have dementia, your agent will lose their decision making power.

The power of attorney itself cannot do anything.The recipient of the POA, the attorney-in-fact (agent or AIF) is the party who may or may not get authority to access the box in the POA. You have to see the POA document to know whether safe deposit access is specifically included.

You can draft a durable power of attorney by writing out or typing the document, which should include the date, your full name, and speech that clearly identifies the document as a durable power of attorney that applies even in the case of your incapacitation.