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Common Confusions Cleared About Regular Power-of-attorney
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A Power of Attorney or POA is a type of document that authorizes an agent appointed by the principal or the grantor of power to carry out specific tasks on behalf of the latter. Clear up some common confusion about regular power-of-attorney.
POA can be made at anytime
This is not the case. You can write an LPA (Lasting Power of Attorney), sign it and keep it on hold until the time you wish to use it. For making a POA, you need to have proper mental capacity so that you are able to understand what you are signing and agree to it. It is impossible to make a POA and legalize it once you lose capacity. To learn more about drafting a power of attorney form in Mississippi online, visit this website.
Setting up a POA is too expensive
You can opt to do it yourself with a form of regular power-of-attorney through a government website or recruit a solicitor for a fixed small fee and complete the process inexpensively.
Only one attorney/agentcan be appointed for the process
You can actually appoint multiple agents to fill in your shoes when you are down and out. You can spread the role of a single agent by appointing multiple agents with the same amount of power. You can specify whether they have to act jointly and take decisions together or act separately - on their own. It is possible to have them act in unison on property sale and other similar issues, but each can act on his or her own when it comes to dealing with some other matters.
Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs. You can find his thoughts at free legal contracts blog. For more information about getting a power of attorney form in Rhode Island, please visit this website.
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