How do I use a financial power of attorney?

How to Make Your Financial Power of Attorney Form. To be binding, a financial POA needs to be signed in front of a notary public. In some situations, the document may also require a witness at the time of signature. And in some states, the agent must sign to indicate they accept the assignment.

How does a financial power of attorney work?

Financial Power of Attorney: How It Works. A power of attorney (or POA) is a legal document that authorizes someone to act on your behalf. The person who gives the authority is called the principal, and the person who has the authority to act for the principal is called the agent or the attorney-in-fact.

What to look for in a power of attorney form?

When creating a power of attorney form, it’s important to think of someone that you trust to be the one to act as your financial representative (known as an “Agent” or “Attorney-in-Fact”).

What can I do with a durable power of attorney?

A durable or general power of attorney allows for any type of financial transaction to be handled by someone else. The financial transactions include, but are not limited to, Retirement Plans.

Where can I get a free power of attorney form?

Obtaining a Power of Attorney (form) is easy, all you need to do is decide which type of form best suits your needs. With our resources, creating a power of attorney no longer requires hiring an expensive attorney to draft your document. Download our free power of attorney or create your document online with us.

How to make a financial power of attorney?

How to Make a Financial Power of Attorney Many states have an official durable power of attorney form, which is usually a durable financial power of attorney form. Some banks and brokerage firms have their own power of attorney forms.

When creating a power of attorney form, it’s important to think of someone that you trust to be the one to act as your financial representative (known as an “Agent” or “Attorney-in-Fact”).

How to create a durable power of attorney?

Create a high quality document online now! A durable power of attorney form (DPOA) allows an individual (“principal”) to select someone else (“agent” or “attorney-in-fact”) to handle their financial affairs while they are alive.