The Tennessee Special Power of Attorney, specifically Form 11B, is a legal document that grants an individual, referred to as the agent or attorney-in-fact, the power to act on behalf of another person, known as the principal, in various specified matters. This power of attorney form follows specific guidelines outlined in the Tennessee Code. PRE and Post 2005 Act refers to the version of the power of attorney form before and after the Tennessee legislature enacted changes to the state's power of attorney laws in 2005. The Tennessee Special Power of Attorney — Form 11B allows the principal to delegate specific powers to the agent, depending on their needs and preferences. These powers may include handling financial and banking transactions, managing real estate, making healthcare decisions, representing the principal in legal matters, and managing business affairs. In regard to the different types of Tennessee Special Power of Attorney — Form 11B, we can categorize them as follows: 1. Financial Power of Attorney: This type of power of attorney grants the agent the authority to handle financial and banking transactions on behalf of the principal. It includes tasks such as managing bank accounts, paying bills, filing taxes, and managing investments. 2. Healthcare Power of Attorney: This form delegates the agent the power to make healthcare decisions for the principal if they become unable to do so themselves. This may involve decisions regarding medical treatments, hospitalization, and end-of-life care. 3. Real Estate Power of Attorney: This specific type of power of attorney focuses on granting the agent the authority to handle real estate transactions. The agent can buy, sell, lease, or manage real estate properties on behalf of the principal. 4. Limited Power of Attorney: This type restricts the agent's authority to specific actions or a particular period. The agent can only exercise powers explicitly stated in the document, and once the specified purpose is fulfilled, the power automatically terminates. 5. Durable Power of Attorney: The durable power of attorney continues even if the principal becomes mentally incapacitated or unable to make decisions. This allows the agent to continue acting on behalf of the principal's best interests. 6. Springing Power of Attorney: In a springing power of attorney, the powers granted to the agent only become effective upon the occurrence of a specific event or condition, typically the principal's incapacitation. Until then, the agent cannot act on behalf of the principal. It's crucial for individuals seeking a Tennessee Special Power of Attorney to familiarize themselves with the specific requirements and provisions outlined in both the PRE and post-2005 versions of Form 11B. Consulting an attorney experienced in Tennessee power of attorney laws is highly recommended ensuring compliance and address any specific situations or concerns.
Tennessee Special Power of Attorney - Form 11B - Pre and Post 2005 Act
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How to fill out Tennessee Special Power Of Attorney - Form 11B - Pre And Post 2005 Act?
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FAQ
Under Tennessee law, for a power of attorney to be valid it must either be signed in the presence of a notary or witnessed by two disinterested parties.
34-6A-105. A power of attorney must be signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney.
Special Power of Attorney - Will grant limited powers over selected matters. Durable Power of Attorney - Will remain valid even if you become incapacitated. Springing Power of Attorney - Will be activated based on certain criteria.
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
If your agent will manage real estate transactions, the Power of Attorney will need to be signed by a notary and filed or recorded with your county.
Under Tennessee law, for a power of attorney to be valid it must either be signed in the presence of a notary or witnessed by two disinterested parties.
Tennessee law requires a durable power of attorney to be either signed before two witnesses or signed and notarized in order to be valid. It also must specifically state its authorization to make health care decisions.
A principal can revoke their power of attorney if they are of sound mind. The main person who can override a power of attorney is the principal, the person who created the power of attorney document. But they must be of sound mind to do so.
The notarized Power of attorney has been given under section 48 of the Indian stamp Act, 1899, which covers all the stamps rules of the country, has made the stamp duty on the notarized Power of attorney chargeable, and the different applications have different types of payments on the different types of Power of ...