You should select someone you trust to serve as your agent. This power of attorney does not authorize the agent to make health-care decisions for you. Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). With a Tax POA, your Agent may represent you and sign documents on your behalf at the local Mississippi Department of Revenue. This might be necessary if you are seriously ill, serving in the military, or have to travel for work purposes. With a Minor POA, you can delegate your parental rights over a child to your Agent temporarily. For example: the Power of Attorney may only become active if you are unconscious or are unavailable for a period of time. Using a Vehicle POA allows an Agent to buy and sell vehicles for you and to manage other ownership tasks such as registering titles with the DMV and updating official documentation.Ī Springing POA allows an Agent to act for you when certain conditions or criteria occur. Real Estate POAs let your Agent manage tasks related to the buying and selling of property on your behalf. This can then be used when urgent choices regarding treatment need to be made when you’re unconscious. Medical POAs allow you to delegate important healthcare decisions to your Agent. These forms are usually time-limited, only giving your representative authority for a short period of time. Limited POAs grant an Agent responsibility over specific, normally one-off, tasks. A Durable POA allows an Agent to manage your estate for you at all times, even if you fall unconscious or become medically incapacitated.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |