Limited Power Of Attorney With Two Agents

State:
Idaho
Control #:
ID-P099D
Format:
Word; 
Rich Text
Instant download

Description

This is a limited power of attorney for Idaho. You specify the powers you desire to give to your agent. Sample powers are attached to the form for illustration only and should be deleted after you complete the form with the powers you desire. The form contains an acknowledgment in the event the form is to be recorded.

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FAQ

Co-agents have equal decision-making abilities and if they are granted joint powers then they cannot act independently and must make all decisions together. This can create serious issues if they do not get along and have trouble reaching consistent agreements.

A power of attorney can name one agent or it can require two or more agents to act together. If you are acting as a co-agent under a power of attorney, but you and your fellow agent disagree on a course of action or one party has stopped participating in decision making, what can you do?

If power of attorney co-agents disagree on a financial decision and the principal is mentally competent and not physically incapacitated, then the principal's decision supersedes the representatives. The principal also has the authority to revoke an agent's authority.

Interesting Questions

More info

Yes. You may appoint multiple Agents. 23-2. Financial Powers of Attorney. 23-3.If you want to give a single, trusted person complete control over your finances and healthcare, you may decide a general POA is the best fit. You can give your agent authority to do anything you could do. Or, you can limit your agent's authority to do only certain things, such as sell your home. Special or Limited Power of Attorney. In this instance, the agent has specific powers limited to a certain area. Before you name someone as your agent, you should talk to that person about it and get their consent. An agent may not create or revoke a will or codicil for the principal. If the principal was under contract to perform a personal service (i.e.

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Limited Power Of Attorney With Two Agents