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Making an Indiana Power of Attorney
An Indiana Power of Attorney (PoA) is a legal document that grants someone else permission to manage your legal and financial affairs, such as signing contracts, accessing your bank account(s), and selling your property.
The person giving permission is called the "principal," while the person or entity obtaining authority is called the "agent." Designed for residents of Indiana, this Power of Attorney is made for use in Allen County, Marion County, Lake County, and in every other region in the state. All Indiana PoA forms from Rocket Lawyer can be personalized for your unique circumstances. With this official legal document on hand, your representative(s) can offer proof to financial institutions and other parties that they can sign documents or take other actions for you.
It's very easy to grant or receive the authority you may need using a free Indiana Power of Attorney template from Rocket Lawyer:
This method, in most cases, will be much less time-consuming than finding and working with a traditional attorney. If needed, you may start this PoA on behalf of your spouse or another relative, and then have that person sign it after you've drafted it. Please keep in mind that for a Power of Attorney to be accepted as legally valid, the principal must be an adult who is mentally competent at the time of signing. In the event that the principal is already unable to make their own decisions, a court-appointed conservatorship may be necessary. When facing such a situation, it would be important to speak with an attorney.
Every adult ought to have a Power of Attorney. Though it's challenging to acknowledge, there will likely come a time when you are not able to deal with your day-to-day affairs by yourself. There will even be times when you are merely unavailable. Typical circumstances in which you may consider a PoA to be helpful include:
Regardless of whether this Indiana Power of Attorney has been prepared as part of a long-term plan or produced in response to an unexpected issue, notarization and witnesses often help to protect your agent if someone doubts their power and authority.
There are several different ways to categorize Power of Attorney documents. They are primarily dependent on how long the powers will be valid, when they will come into effect, and what they will provide authority over. Often, you'll see them described in the four segments below:
When creating your free Indiana Power of Attorney, you may opt to have the authority start upon signing, on a precise date, or only at the time when you're not capable. The Power of Attorney may terminate on a specific date or when you pass away.
Generally speaking, no. Indiana Power of Attorney forms are typically simple to make, however, you could have questions. Seeking out a lawyer to give feedback on your Indiana Power of Attorney may be time-intensive and relatively expensive. A more cost-effective option would be to request help from attorney services at Rocket Lawyer. With a Premium membership, you can get your documents evaluated by an experienced attorney. You can rest assured that Rocket Lawyer will be here for you.
The fees associated with finding and hiring the average legal provider to produce a Power of Attorney might add up to anywhere between $200 and $500, based on your location. When you use Rocket Lawyer, you are not just filling out a Power of Attorney template. If you ever need help from a lawyer, your Rocket Lawyer membership offers up to a 40% discount when you hire an attorney from our On Call network.
When you're finished completing this PoA using Rocket Lawyer, you will be able to review it anytime, anywhere. You also may take any or all of these actions related to your document: editing it, saving it in Word or PDF format, printing it out, or signing it. Each Power of Attorney will come with its own series of directions on what you can do next. Your agent(s), financial institutions, and other impacted parties should get a copy of the fully executed document.
The rules vary in each state; however, in Indiana, your Power of Attorney will need to be signed by a notary public. If your agent(s) will engage in real estate transactions, the Power of Attorney will need to be signed before a notary and filed or recorded with the county.
See Indiana Power of Attorney law: IC 30-5