Replace Text In Legal Rhode Island Durable Power Of Attorney Forms For Free

The best choice is someone you trust. Integrity, not financial acumen, is often the most important trait of a potential agent.

A Durable Power of Attorney enables the Agent to act for the Principal even after the Principal is not mentally competent or physically able to make decisions. This document may also come into effect immediately and can also be revoked by the Principal or at the time of the Principal's death.

In Rhode Island, you must specify on the form that the power is durable. If you do not, the form will lose effect if you become incapacitated, which defeats its purpose in some cases. Rhode Island requires that two witnesses or a notary public sign your form.

File a Copy With the Recorder's Office If you gave your agent the power to conduct transactions with real estate, you should also file a copy of your POA in the land records office (called the recorder's office or town clerk's office in Rhode Island) in the county or counties where you own real estate.

The Durable Power of Attorney In other words, you'd use a durable POA if you wanted to give your agent authority once you're unable to act for yourself. Because of this, many consider a durable POA to be the most powerful type of power of attorney.

For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances. An attorney can customize a general POA to limit powers even more?or add powers, Berkley says.