This General Durable Power of Attorney for Property and Finances Effective upon Disability form is a general, durable power of attorney which is effective ONLY upon the principal's disability, incompetency or incapacity. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services.
Atlanta Georgia General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability
Category:
State:
Georgia
City:
Atlanta
Control #:
GA-P003
Format:
Word;
Rich Text
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How to fill out Georgia General Durable Power Of Attorney For Property And Finances Or Financial Effective Upon Disability?
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FAQ
Let's be clear: there is no Georgia statute that forces a power of attorney to have a set expiration date. There is no magical number of years that a power of attorney must have been written within in order to still be good. So, when you hear: ?Your power of attorney is over five years old, we can't use it.?
A POA must meet all four of the following basic requirements for a power of attorney in Georgia: It must be signed by the principal.It must be signed by one or more witnesses. It must be signed by a notary public or other person authorized to administer oaths.
Does a Power of Attorney Need to be Recorded in Georgia? A POA should be notarized and witnessed by two adults, and the principal should keep the form in a safe place unless the authority needs to be used immediately. However, there is no need to record it in public records.
A Georgia durable statutory power of attorney form is a document used to delegate a principal's legal authority to another person regarding their financial affairs. The recipient of this authority is often referred to as an ?agent? or ?attorney-in-fact?.
How Much Does a Power of Attorney Cost in Georgia? Attorneys' fees vary, but an attorney in Georgia likely will charge between $200 and $300 for one power of attorney. In the alternative, you can use an easy-to-complete power of attorney form for your power of attorney ? like the forms we offer.
In Georgia, power of attorney must meet certain basic requirements, including being signed by the principal, witnesses, and a notary public. There are standardized forms available for financial and health care powers of attorney.
Do I need a lawyer to prepare a Power of Attorney? There is no legal requirement that a Power of Attorney be prepared or reviewed by a lawyer. However, if you are going to give important powers to an agent, it is wise to get individual legal advice before signing a complicated form.