Highlight In Legal South Carolina Financial Checkup Forms For Free

The specific requirements and restrictions for PoA forms will vary in each state; however, in South Carolina, your Power of Attorney will require notarization and the signatures of two witnesses. If your agent will manage real estate transactions, the Power of Attorney must be notarized and recorded with your county.

Wills in South Carolina don't need to be notarized to be valid, but notarization can make the probate process smoother. That's because, when a will is notarized, it means the probate court doesn't have to summon the witnesses to make sure the will is legally binding.

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.

A South Carolina durable power of attorney is a statutory form that lets a person choose someone else to handle financial decisions and conduct business affairs on their behalf.

Prepare the POA Document: Draft the POA document, outlining the powers given to the agent, when these powers begin, and any limitations on these powers. Legal Formalities: In South Carolina, your parent must sign the POA document in the presence of two witnesses and a notary public.

If you want your agent to be able to use your POA once you are incapacitated, you'll need to file it with the land records office (called the register of deeds in South Carolina) in the county where you live. Again, South Carolina is unique from other states in this respect.