Power of Attorney. Download online state specific power of attorney forms
|
|
|
|
|
|
|
|
|
To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
|
|
|
|
|
|
|
A Power of Attorney can be terminated in the following manner:
1) by fulfilling a specific provision of the agreement, such as the completion of the task for which the Power of Attorney was granted, e.g. the sale of a Property or a specified time period of three months;
2) revocation by the donor - a Power of Attorney may be revoked unless the donor granted the power to the donee for valuable consideration (such as securing some benefit for the donee) or unless it is specifically stated that it is not revocable. The revocation should preferably be written, although it could be revoked by way of the donor's action in intervening in negotiations between the donee and a thirty party or by verbal revocation.
3) by renouncement of the Power of Attorney by the donee/agent - A renunciation should also be in writing, signed by the donee and delivered to the donor and any other people dealing with the donee under the authority granted in the Power of Attorney.
4) by bankruptcy of the donor;
5) in some states, by death or mental incompetence of the donor. For example, if the Power of Attorney contains wording which states that it is irrevocable, then the Power of Attorney is not terminated upon the death of the donor. Legislation in some states also permits a Power of Attorney to survive a donor's mental incapacity if there is explicit wording to that effect and if it is witnessed by someone other than the donee/agent or his or her spouse. The Power of Attorney may, however, terminate upon a committee being appointed for the donor under the current legislation in your jurisdiction. Please be sure to read the current legislation for your jurisdiction. In almost all instances, this can be accessed via the internet.
|
|
|
|
|
|
Return to all Power of Attorney legal information
Legal Articles about Power of Attorney
Power of Attorney Frequently Asked Questions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Different types of powers of attorney
There are "Nondurable ," "Durable," and "Springing" Power of Attorney ...
|
|
|
|
|
|
Protect your relationship by POA
A power of attorney is a document that allows you to dictate who you would like to make decisions ...
|
|
|
|
|
|
Who Will Make Life or Death Decisions?
One of the most difficult things about choosing your legal decision-maker is discussing end-of-life ...
|
|
|
|
|
|
When a power of attorney is not enough
Elizabethtown News Enterprise
Likewise, the power to create, revoke, terminate or amend a trust must be clearly specified within a power of attorney document. Trust creation and termination can be crucial if the principal is applying for veteran's benefits, Medicaid benefits or ...
|
|
|
Estate Planning: Acceptance of powers of attorney
Lake County News
Managing one's real property, brokerage and bank accounts by transferring title to such assets into one's living trust can avoid the foregoing and other obstacles associated with a power of attorney. The trustee as legal owner manages the trust assets ...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
