Medical Power Of Attorney Hide Mark For Free

If you have used a solicitor to make your application, they will often keep the PoA until one of your attorneys asks for it.

The POA cannot make decisions before the document comes into effect -- conditions will be outlined with approval of the Agent and Principal. The POA cannot be officially nominated unless the Principal is of sound body and mind. The POA cannot use the Principal's assets or money as their own.

Most states offer simple forms to help you create a power of attorney for finances. 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.

Appropriate notary stamp has to be affixed. A power of attorney attracts stamp duty which varies from State to State. Article 41 of the Karnataka Stamp Act prescribes the stamp duty leviable. Generally, the stamp duty payable for a power of attorney is Rs 100.

A power of attorney allows one person to give legal authority to another person to act on their behalf. A financial power of attorney authorizes an individual to make financial decisions, while a medical power of attorney allows for someone to make medical decisions.

It requires the agent to keep records of transactions, receipts and disbursements. The agent may be required to show the records to the principal, the court, a monitor, or another interested party. Laws vary by state. Contact an attorney for legal advice.

As noted above, the careful attorney will note where the original, signed Power of Attorney is kept. The attorney will also give copies to each appointed Agent, and will instruct that a copy of any Healthcare Power of Attorney be given to the client's doctor.