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How To Ensure Your Best Interests With A Power Of Attorney?

By Author: Carl Glendon
Total Articles: 83

A Power of Attorney (POA) is a document that is used to appoint an agent and legally validate him with the powers to manage your affairs when you are mentally incompetent or absent. It could be useful when you are away on a business trip or vacation or while recuperating from an operation. However, there are many cases when a POA has been abused to conduct fraudulent transactions. Here are some easy tips to ensure your best interests with a POA.

Mention an expiry date

It is legally required for you to get a lawyer to draft your document. Download a free power of attorney form online, and use it as a sample document to make your own. It is not expensive to get a POA drafted by an esteemed legal firm. Once you have the document, mention a date of expiration for the POA to become invalid – so that there is no need for any revocation. To learn more about ​drafting a power of attorney form in Montana​ online​, visit this website.

Monitor your agent’s activities

Keep your finances in an account that is separate to that of your appointed agent. Ask about regular reports and statements related to your account. In the absence of any organization to monitor the activity of appointed agents for POA, you have to make sure that the powers that you bestow on your agent are never abused.

Revocation of a POA

When you revoke or terminate a POA, do so in writing as well as orally. Make sure that you send the revocation copies to the deeds office, your bank and other third parties concerned.

Author Resource:-

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 custom legal forms blog. Please visit this site to ​​get a​ sample power of attorney form.

Total Views: 31Word Count: 327See All articles From Author

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