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Power Of Attorney

Power of attorney is a legal document created to give one person the legal ability to act on behalf of the other person. The person creating the power of attorney is the principle and the person they choose to represent them is the attorney-in-fact or agent. There are many types of power of attorney: medical power of attorney, durable power of attorney, limited power of attorney, special power of attorney and more. In most states a power of attorney document must be witnessed, notarized and filed with the local court in order to be certified legal. Preparing a power of attorney is not difficult and does not require an attorney, basic wording can be found on the Internet as can fill-in power of attorney forms that anyone can use.

Fast Facts

  • Individuals should have a power of attorney document in their estate plans in the event they are incapacitated and unable to name one.
  • In most states, orally designating a power of attorney will hold up for certain tasks; however, for medical and financial dealings a witnessed, signed power of attorney must be had in order to be valid.

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