This is a statutory form provided for in the Georgia Code that allows you to name one or more persons to help you handle your financial affairs. It grants your attorney in fact (your agent) VERY broad powers with regard to your property and finances. This Power of Attorney does NOT provide for health care services. As long as you are living, the financial power of attorney will remain in effect even if you become incapacitated or unable to communicate your wishes unless a guardian is appointed for your property or you include a date or specific occurrence when you want your document to be canceled.
South Fulton Georgia Statutory General Power of Attorney with Durable Provisions is a legal document that grants an individual, known as the "principal," the ability to appoint another person, referred to as the "agent" or "attorney-in-fact," to make decisions and act on their behalf in various financial and legal matters. This type of Power of Attorney is governed by the laws of the state of Georgia, specifically for individuals residing in or conducting business in South Fulton County. The South Fulton Georgia Statutory General Power of Attorney with Durable Provisions provides the agent with broad powers to handle various affairs, including managing bank accounts, real estate transactions, filing taxes, entering into contracts, handling investments, and making healthcare decisions, among others. "General" refers to the wide range of powers and authority granted by the principal to the agent. The "durable" provisions ensure that the power of attorney remains in effect even if the principal becomes mentally incapacitated or unable to make decisions for themselves, ensuring continuity in handling their affairs when they are unable to do so. There may be different versions or variations of the South Fulton Georgia Statutory General Power of Attorney with Durable Provisions based on specific requirements or preferences. Some common types include: 1. Limited Power of Attorney: This type grants the agent only specific powers and authority, usually for a specified period or purpose, such as handling a specific financial transaction or managing a specific property. 2. Financial Power of Attorney: This grants the agent the authority to handle the principal's financial matters, including managing bank accounts, paying bills, and handling financial transactions. 3. Healthcare Power of Attorney: This gives the agent the authority to make medical decisions on behalf of the principal if they are unable to do so themselves. It may also include provisions related to end-of-life decisions or the appointment of a healthcare proxy. 4. Springing Power of Attorney: This type becomes effective only upon the occurrence of a specific event or condition, such as the principal's incapacity or a certain date. Until the triggering event, the principal retains their decision-making powers. It is essential to consult with an experienced attorney to ensure that the South Fulton Georgia Statutory General Power of Attorney with Durable Provisions accurately reflects the principal's wishes and complies with the legal requirements in South Fulton County. This legal document plays a crucial role in planning for potential incapacity, providing peace of mind and protection for the principal and their assets.
