Indiana Special Power of Attorney - Form 11B - Pre and Post 2005 Act

• Category: Bankruptcy - Power of Attorney
• State: Multi-State
• Control #: US-BKR-F11B
• Format: Word; PDF; Rich Text

Description

This form is a special power of attorney. The claimant authorizes the attorney, with full power of substitution, to vote on any question that may be lawfully submitted to the creditors of the debtor. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases. Indiana Special Power of Attorney — Form 11— - Pre and Post 2005 Act is a legal document that grants a specific person, known as the agent or attorney-in-fact, the authority to carry out specific acts on behalf of the principal, who grants the power. Pre-2005 Act: Prior to the adoption of the Indiana Power of Attorney Act in 2005, the Special Power of Attorney — Form 11B followed the traditional common law principles outlined by the state. It allowed individuals to appoint an agent to act on their behalf with specific powers, such as managing their finances, making healthcare decisions, or selling property. However, it lacked the modern safeguards and protections incorporated into the 2005 Act. Post-2005 Act: Following the enactment of the Indiana Power of Attorney Act in 2005, the Special Power of Attorney — Form 11B was modified to comply with the new statutory requirements. This updated version provides greater clarity, sets forth mandatory provisions, and ensures better protection for both the principal and the agent. The Indiana Power of Attorney Act introduced various types of power of attorney documents, each serving different purposes and addressing specific needs. Specific types of Special Power of Attorney — Form 11B that are commonly used under the PRE and Post 2005 Act include: 1. Financial Power of Attorney: This type of Special Power of Attorney allows the agent to handle financial matters on behalf of the principal. These may include managing bank accounts, paying bills, filing taxes, buying and selling property, investing funds, and similar financial transactions. 2. Healthcare Power of Attorney: A Healthcare Power of Attorney grants the agent the authority to make medical decisions for the principal in case they become incapacitated or unable to communicate their wishes effectively. The agent can consult with medical professionals, consent to or refuse medical treatments, and ensure the principal receives the necessary healthcare. 3. Limited Power of Attorney: A Limited Power of Attorney grants the agent authority for a specific action or purpose, often for a defined period. For example, a principal may grant an agent the power to sell a property on their behalf while they are out of the country. 4. Durable Power of Attorney: A Durable Power of Attorney remains in effect even if the principal becomes incapacitated or mentally incompetent. This ensures that the agent's authority does not terminate due to the principal's incapacity, allowing them to continue acting on the principal's behalf. It is important to note that while these are common types of Special Power of Attorney documents, individuals should always consult an attorney or legal professional to ensure they select the appropriate form and customize it to meet their specific needs and circumstances.

Indiana Special Power of Attorney — Form 11— - Pre and Post 2005 Act is a legal document that grants a specific person, known as the agent or attorney-in-fact, the authority to carry out specific acts on behalf of the principal, who grants the power. Pre-2005 Act: Prior to the adoption of the Indiana Power of Attorney Act in 2005, the Special Power of Attorney — Form 11B followed the traditional common law principles outlined by the state. It allowed individuals to appoint an agent to act on their behalf with specific powers, such as managing their finances, making healthcare decisions, or selling property. However, it lacked the modern safeguards and protections incorporated into the 2005 Act. Post-2005 Act: Following the enactment of the Indiana Power of Attorney Act in 2005, the Special Power of Attorney — Form 11B was modified to comply with the new statutory requirements. This updated version provides greater clarity, sets forth mandatory provisions, and ensures better protection for both the principal and the agent. The Indiana Power of Attorney Act introduced various types of power of attorney documents, each serving different purposes and addressing specific needs. Specific types of Special Power of Attorney — Form 11B that are commonly used under the PRE and Post 2005 Act include: 1. Financial Power of Attorney: This type of Special Power of Attorney allows the agent to handle financial matters on behalf of the principal. These may include managing bank accounts, paying bills, filing taxes, buying and selling property, investing funds, and similar financial transactions. 2. Healthcare Power of Attorney: A Healthcare Power of Attorney grants the agent the authority to make medical decisions for the principal in case they become incapacitated or unable to communicate their wishes effectively. The agent can consult with medical professionals, consent to or refuse medical treatments, and ensure the principal receives the necessary healthcare. 3. Limited Power of Attorney: A Limited Power of Attorney grants the agent authority for a specific action or purpose, often for a defined period. For example, a principal may grant an agent the power to sell a property on their behalf while they are out of the country. 4. Durable Power of Attorney: A Durable Power of Attorney remains in effect even if the principal becomes incapacitated or mentally incompetent. This ensures that the agent's authority does not terminate due to the principal's incapacity, allowing them to continue acting on the principal's behalf. It is important to note that while these are common types of Special Power of Attorney documents, individuals should always consult an attorney or legal professional to ensure they select the appropriate form and customize it to meet their specific needs and circumstances.