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Granting a Power of Attorney to Your Relative Using Power of Attorney Forms

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A power of attorney is considered as a legal document the contain provisions and provides rights to another person to act in behalf of an individual for any financial or business matters.  A lot of people choose their close relatives or friends as the attorney-in-fact.  The power of attorney is given to the attorney-in-fact.  With a power of attorney form, you have the legal document that contains provisions for the authorized individual to manage any financial or business matters.  If you are planning to assign your relative as an attorney-in-fact, then you can look at the details below as a guide. 

-          First, you should clearly decide who to act as your attorney-in-fact.  You have to make sure that that someone will act in your favor and can manage your financial and business matters well.  You should know whom to trust as an attorney-in-fact that can manage your business if you are accidentally incapacitated. 

-          You are the one who would decide on the scope of the power of attorney.  With this, your attorney-in-fact has the responsibility and legal obligation to decide on matters in behalf of yourself.  You should fill-up a power of attorney form that designates the right relative for the job.  As stated in the law, a power of attorney can only be made active during the time of your disability and incapability to manage. 

-          The next thing is to make a draft of a legal document.  This legal document will have details on the extent of power your attorney-in-fact will have.  You can look at many do-it-yourself hints which are available online.  You just have to look at websites that give examples on how to make a power of attorney form.  Just make sure to have it witnessed and notarized

-          You must know that with a power of attorney, your attorney-in-fact will have the legal right to manage your business, spend your money, access your bank accounts, or even sell your assets and properties.  Bear in mind that you have the right to withdraw the power of attorney any time if you have valid reason. 

-          You should show that you trust and have faith with your attorney-in-fact. 

Considerations

-          If you have any questions about the provisions of the power of attorney, you can consult an experienced family law or estate attorney.  You should think carefully and thoroughly when you decide to give a power of attorney. 

-          Make sure that you understand what you are doing and the rights that you give to your relative.  After you are absolutely sure that you have done the right thingFind Article, then the last thing to do is to sign the document to make it legal. 

 

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


James is an expert in writing about legal forms and documents that may help you when your in the search of the right legal document. He writes many articles about forms ranging from, power of attorney forms, landlord tenant forms, and almost any legal form that your searching for.



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