When it comes to your estate planning, Power of Attorney is among the most essential documents that you may have. You can sign it to grant legal authority to a reliable person to take important decisions on your behalf. Here is a Power of Attorney checklist that you should follow.
It is advisable that you discuss about your POA with your agent as well as others mentioned in the document. It might include one or multiple physicians or guardians. When you do this, it can make sure that all your wishes are conveyed clearly and properly understood when you sign the POA.
You should then review the POA and make any clarifications or final changes. Follow the witnessing requirements of your state, included with the directions given at the end of the document that you have downloaded, while signing, In most states, the principal signing must be witnessed by a notary or two people who do not have any specific interest in the POA.
After the Power of Attorney document is executed fully, hand over a copy of the same to each party that has been mentioned in the document. To learn more about drafting a power of attorney form online, visit this website.
The document has to be reviewed by the principal, who needs to make any necessary updates a minimum of every 2 years. Events in life often make the wishes and needs of principal's change over a period. A new POA automatically revokes your original POA and lets you update your wishes.
If you want to terminate the authority of the agent to operate on your behalf, it is essential that you fulfill a revocation of the POA form. But you need to make a new POA if you just want to add or change agents. Please visit here to get a sample power of attorney form in GA.
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