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General Power of Attorney ? This form is used to appoint a person to act as the principal on a broad range of financial issues, but it becomes void if the principal is incapacitated. Signing Requirements: No laws, although a notary public is recommended.

You dictate the actions you permit the person to take, and you can limit it to a single transaction or give the person general authority. You can revoke a power of attorney through a written revocation form, which must be given to your agent and to the individuals and businesses the agent deals with on your behalf.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

Individual Document Preparation Otherwise, it is often most cost effective to prepare all documents at once. At Snug, you can create individual documents or entire estate plans whenever you want. Any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500.

The requirements and restrictions vary in each state; however, in Mississippi, your document will require notarization. If your agent will have the authority to manage real estate transactions, the Power of Attorney will need to be acknowledged by a notary and recorded or filed with the county.

(7) "Power of attorney" means a writing or other record that grants authority to. an agent to act in the place of the principal, whether or not the term power of. attorney is used. (8) "Presently exercisable general power of appointment," with respect to.