Virgin Islands Sample Letter for Estate - Correspondence from Attorney
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How to fill out Sample Letter For Estate - Correspondence From Attorney?
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FAQ
A general power of attorney allows your attorney to look after your affairs if you are away temporarily or if you need help managing your affairs. An enduring power of attorney allows your attorney to continue looking after your affairs if you lose your mental capacity.
A general power of attorney will also end if you become mentally incompetent and can no longer make decisions. An enduring power of attorney continues even if you become mentally incompetent.
The Durable Power of Attorney In other words, you'd use a durable POA if you wanted to give your agent authority once you're unable to act for yourself. Because of this, many consider a durable POA to be the most powerful type of power of attorney.
To revoke a power of attorney, you need to do a deed of revocation. Without revoking the power, it will continue until you die or are mentally incapacitated. Disclaimer: This article is for information only; it is not legal advice. If you have a legal issue, please consult a qualified attorney.
By executing the durable power of attorney, the principal authorizes the agent to engage in the certain specified business or financial transactions on behalf of the principal with third parties. Durable power of attorney is a contract, which creates an agency?principal relationship.
