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A durable power of attorney (DPOA) form allows an individual (principal) to select someone else (agent) to handle their financial affairs while alive. "Durable" refers to the form remaining valid even if the principal becomes incapacitated.
A durable power of attorney allows a person to choose someone else to make financially related decisions on their behalf. The term “durable” refers to the form remaining in effect even if the person delegating the power, the “principal,” is deemed incapacitated.
General (Financial) Power of Attorney – Equips an agent with financial powers so that they may perform transactions in the primary individual’s name and does not remain effective if the principal is considered incapacitated.
Free Durable (Financial) Power of Attorney Forms. A durable power of attorney allows you to handle another person’s financial decisions on their behalf. All decisions made must be to the benefit of the person being represented.
A durable power of attorney gives another individual the power to act in your place and manage your financial, business, or legal affairs if you cannot do so. It helps you prepare for cases where you cannot make decisions independently because of a serious health issue or other condition.
You can use a durable financial POA or a tax-specific POA to authorize someone to file your income tax return for you. You’ll need to fill out IRS Form 2848 to allow your agent to represent...
A general power of attorney (GPOA) form allows a person (principal) to choose and give an agent powers over their financial matters. It is non-durable, which means if the principal becomes mentally incompetent (incapacitated), the power of attorney document is void and unusable.