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A general power of attorney gives your agent the ability to act on your behalf for financial matters. They can sign documents, pay bills, and conduct other financial decisions for you. You can use this even if you're not incapacitated but want additional help with your finances.

In Kentucky, the duration of a POA is primarily determined by the conditions specified in the document itself. This means the power of attorney can be designed to expire on a specific date, upon the occurrence of a particular event, or upon the incapacitation or death of the principal.

A marriage or legal separation is filed, unless the power of attorney document provides otherwise. Just as under the present law, a power of attorney is not required by the new law to be recorded, unless it is being use to convey, release or transfer any interest in real estate.

Here's a quick checklist for making a will in Kentucky: Decide what property to include in your will. Decide who will inherit your property. Choose an executor to handle your estate. Choose a guardian for your children. Choose someone to manage children's property. Make your will. Sign your will in front of witnesses.

Notarization Requirement While Kentucky does not technically require you to get your POA notarized, notarization is very strongly recommended. Under Kentucky law, when you sign your POA in the presence of a notary public, you signature is presumed to be genuine?meaning your POA is more ironclad.

The 2020 law now requires the power of attorney to expressly authorize gifts. It also goes into detail about certain gifts to certain persons who are serving as agents that must be expressly authorized (e.g., agents other than spouses, ancestors, or descendants).