This General Durable Power of Attorney is a general, durable power of attorney which is effective IMMEDIATELY. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, banking, management, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but this Power of Attorney does NOT provide for health care services. This form complies with all applicable state statutory laws.
Alabama General Durable Power of Attorney for Property and Finances or Financial Effective Immediately
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Choose an agent. Before you begin to fill out the form, you have some decisions to make. Decide on the type of authority. You can choose whether you want your POA to be broad or narrow. Identify the length of time the POA will be in effect. Fill out the form. Execute the document.
Determine if one is needed. Under a few circumstances, a power of attorney isn't necessary. Identify an agent. Take a look at the standard forms. Notarize the written POA, keep it stored safely, and provide copies to important people. Review the POA periodically.
In almost all states, you must sign your durable power of attorney in the presence of a notary public. (In just a few states, you can choose to have your document witnessed or notarized. See Witnessing, below.) In many states, notarization is required by law to make the durable power of attorney valid.
After the principal's name, write by and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: as POA, as Agent, as Attorney in Fact or as Power of Attorney.
Determine if one is needed. Under a few circumstances, a power of attorney isn't necessary. Identify an agent. Take a look at the standard forms. Notarize the written POA, keep it stored safely, and provide copies to important people. Review the POA periodically.
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.
Most states do not require a POA to be in writing in order to be effective, except in specific cases established by statute.As a result, most POAs can be executed electronically with or without authorization under the eCommerce laws, since there is no writing or signature requirement to begin with.
Most states offer simple forms to help you create a power of attorney for finances. Generally, the document must be signed, witnessed and notarized by an adult. If your agent will have to deal with real estate assets, some states require you to put the document on file in the local land records office.
Draft a list of special powers. Decide what powers are springing. Pick an agent and a successor agent. Note the expiration date. Compile the information into one document. Execute the power of attorney letter.