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Making a Kentucky Power of Attorney
If you wish to give a trusted friend, family member, or professional the power to handle your financial or legal issues in your absence or if you become ill, then a Kentucky Power of Attorney is the right document for you. Your authorization can begin immediately, on a specific date, or at whatever point you become incapacitated (for example, as a result of an accident, a serious illness, or surgery). It's your choice.
There are a variety of different Power of Attorney forms, such as a General Power of Attorney, Durable Power of Attorney, Special Power of Attorney, and Springing Power of Attorney.
A General Power of Attorney allows you to authorize an Agent, someone you trust, to handle your affairs, but that authority ends if you become incapacitated. A Durable Power of Attorney, on the other hand, contains specific language that extends your agent's authority even if you are incapacitated. Unlike a Durable Power of Attorney, which is effective immediately, a Springing Power of Attorney is signed, but only goes into effect once a particular event occurs (for example, once the Principal become incapacitated).
A Special Power of Attorney, also known as a Limited Power of Attorney, allows an Agent to act only in specific situations.