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Maine General Durable Power of Attorney for Property and Finances or...

Maine General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

Name: Maine General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.64 (377 reviews)

Category:

Maine Power of Attorney - General

State:

Maine

Control #:

ME-P003

Format:

Instant download

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Description

This General Durable Power of Attorney for Property and Finances Effective upon Disability form is a general, durable power of attorney which is effective ONLY upon the principal's disability, incompetency or incapacity. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services. This form contains amendments made by Chapter 618 of 2004 Public Law.

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Power of Attorney and Living Will / Health Care Directive

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FAQ

In California and in many other states, there are POA forms specific to healthcare, and medical decisions are excluded from the general durable POAs. This means you can designate one person to be your agent for health decisions, and another for financial or legal decisions.

A limited or special power of attorney may also be restricted to a specific time period.Financial Power of Attorney: Also called a durable power of attorney for finances, this gives the person of your choice the authority to manage your financial affairs should you become incapacitated.

If a power of attorney is durable, it remains in effect if you become incapacitated, such as due to illness or an accident. Durable powers of attorney help you plan for medical emergencies and declines in mental functioning and can ensure that your finances are taken care of.

1. About the Power of Attorney. A Durable Power of Attorney may be the most important of all legal documents.It can be used to give another person the authority to make health care decisions, do financial transactions, or sign legal documents that the Principal cannot do for one reason or another.

A financial power of attorney (POA) is a legal document that grants a trusted agent the authority to act on behalf of the principal-agent in financial matters.This kind of POA is also referred to as a general power of attorney.

Power of Attorney broadly refers to one's authority to act and make decisions on behalf of another person in all or specified financial or legal matters.Durable POA is a specific kind of power of attorney that remains in effect even after the represented party becomes mentally incapacitated.

In case you ever become mentally incapacitated, you'll need what are known as "durable" powers of attorney for medical care and finances.(Ordinary, or "nondurable," powers of attorney automatically end if the person who makes them loses mental capacity.)

Non-Durable Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Medical Power of Attorney. Springing Power of Attorney. Create Your Power of Attorney Now.

Maine General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

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FAQ

Does a durable power of attorney override a medical power of attorney?

Is a financial power of attorney the same as a durable power of attorney?

Why would someone want a durable power of attorney?

Does durable power of attorney include financial?

What does financial power of attorney mean?

What is the difference between a financial power of attorney and a durable power of attorney?

What type of power of attorney do I need for medical and financial?

What are the 3 types of power of attorney?

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