Do you need to provide a Financial Power of Attorney to somebody close to you? Or you just need to know how to write a Financial Power of Attorney? Download this Financial Power of Attorney now!
What is a Financial Power of Attorney?
It is a legal document that appoints an attorney-in-fact that will be able to receive the powers that are set forth in the specifically written and mutually agreed on Financial Power of Attorney Agreement.
From the moment appointed in this Power of Attorney, the attorney-in-fact is capable of executing the described Powers of Attorney. These powers shall not be affected
by any possible disability or incapacity the Principal may experience hereafter. Or if Principal grants it's attorney-in-fact the powers set only when it has been
determined in writing, together with the medical doctor that must be involved to correctly handle the financial affairs of Principal.
This Financial Power of Attorney helps to structure and communicate in a professional way with those involved and covers the following applicable powers, regarding:
- Safe-deposit box
- Lending or borrowing
- Government benefits
- Retirement plan
- Real estate
- Personal property
- Power to manage property
- Gifts and donations
- Legal advice and proceedings
- Special directives
- Authority of attorney-in-fact
- Liability of attorney-in-fact
- Amendment of revocation
- Reimbursement of Attorney-in-fact
- Applicable law
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