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Making an Iowa Power of Attorney
An Iowa Power of Attorney (PoA) is a legal document that grants a trusted individual or entity the authority to manage your finances, such as accessing accounts, signing contracts, and buying or selling real estate.
The person granting permission is called the "principal," and the people or organizations gaining powers are called the "agents." Designed for Iowa residents, our Power of Attorney can be used in Scott County, Polk County, Linn County, and in any other part of the state. All Iowa Power of Attorney forms from Rocket Lawyer can be tailored to address your particular situation. With this official legal document on hand, your agent can offer verification to financial institutions and other parties that they can legally act in your interest.
It is simple and easy to grant or receive the support you may need using a free Iowa Power of Attorney template from Rocket Lawyer:
This route, in most cases, would end up being notably less expensive and less time-consuming than meeting and hiring a conventional provider. If needed, you may prepare this PoA on behalf of a relative, and then have them sign once you've drafted it. Please remember that for a PoA form to be accepted as valid, the principal must be mentally competent when they sign. In the event that the principal is already unable to make their own decisions, a conservatorship could be necessary. When facing such a situation, it's important to speak to a lawyer.
Anyone who is over 18 years old should have a Power of Attorney. While it may be difficult to think about, there could come a day when you are no longer able to sort out your affairs on your own. There may also be moments when you're simply unavailable. Here are some common occasions in which PoA forms can be helpful:
Whether your Iowa Power of Attorney is being prepared as part of a forward-looking plan or created as a result of an emergency, witnesses and notarization are highly encouraged as a best practice for protecting your agent if their power and authority are questioned.
There are a few ways to classify PoA documents. They are largely dependent on how long the powers will be valid, when they will come into effect, and what they will offer authority over. Frequently, you'll find them described in four groups:
When drafting your free Iowa Power of Attorney with Rocket Lawyer, you can decide to have the agent's power start immediately upon signing, on a desired date, or only when you're not capable. The Power of Attorney can end either when you pass away or on a specific date.
Iowa Power of Attorney forms are generally simple to make, but you or your agent may still need advice. The answer can vary depending on whom you contact, but quite often some attorneys may not even agree to review documents that they didn't work on. A better approach would be via attorney services at Rocket Lawyer. With a Premium membership, you have the ability to request feedback from an experienced lawyer or ask other questions related to your Power of Attorney. We're always here to support you.
The fees associated with meeting and hiring a lawyer to make a Power of Attorney can add up to between $200 and $500, depending on your location. Rocket Lawyer can offer much more protection than most other Power of Attorney template providers that you may come across. As a Rocket Lawyer Premium member, you can get up to 40% in savings when hiring an attorney from our network.
When you're finished making this customized document with Rocket Lawyer, you'll be able to open it on any device, anytime. You should feel free to take any of the following actions with your PoA: making edits, downloading it, and signing it. Your Power of Attorney has a checklist of directions on what you can do next. Your agent(s) and financial institutions should get a copy of your final document.
The requirements for PoA forms are different in each state; however, in Iowa, your Power of Attorney will require the signature of a notary. If your agent will handle real estate transactions, the Power of Attorney will need to be acknowledged by a notary and filed or recorded with the county.
See Iowa Power of Attorney law: Chapter 1078