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Making a Minnesota Power of Attorney
A Minnesota Power of Attorney (PoA) is a legal document that gives a selected individual the authority to manage legal and financial matters for you, such as selling your property, accessing your bank account(s), and signing contracts.
The individual giving permission is called the "principal," and the individual or organization obtaining authority is known as the "agent" or "attorney-in-fact." Suitable for residents of Minnesota, our Power of Attorney is made for use in Dakota County, Hennepin County, Ramsey County, and in every other part of the state. All Minnesota PoA forms from Rocket Lawyer can be personalized to address your specific circumstances. Creating this essential document will provide confirmation to financial institutions and other parties that your selected representative(s) can sign documents or take other actions for you when you are not present or able.
It is fast and easy to give or receive the support you need using a free Minnesota Power of Attorney template from Rocket Lawyer:
This method is, in many cases, much more affordable than finding and working with a traditional attorney. If needed, you may prepare this PoA on behalf of your spouse or another relative, and then have that person sign it once you've drafted it. Please keep in mind that for a Power of Attorney to be legally valid, the principal must be mentally competent when they sign. If the principal is already incapacitated and unable to make their own decisions, a conservatorship might be required. When facing such a situation, it is important for you to speak with a lawyer.
Anyone who is over 18 years old ought to have a Power of Attorney. While it can be difficult to think about, there might come a time when you aren't able to handle your affairs by yourself. There may also be times when you are merely not available. Here are a few typical occasions in which a PoA would be helpful:
Whether your Minnesota Power of Attorney is being made as a result of an emergency or as part of a long-term plan, notarization and witnesses can help to protect your agent if someone challenges their privileges and authority.
There are multiple ways to classify PoA documents. They are primarily based on what powers are given, when they will come into effect, and how long they will be in effect. Most often, you may find them described in the four segments below:
When drafting your free Minnesota Power of Attorney with Rocket Lawyer, you can decide to have the power start immediately, on a selected day, or only at the point when you are not capable. Your Power of Attorney may end when you pass away or on a specific date.
Minnesota Power of Attorney forms are generally simple, but you or your agent(s) may need legal advice. It can vary depending on whom you reach out to, but often some attorneys won't even agree to review documents that they did not work on. A better approach worth consideration is to go through Rocket Lawyer attorney services. With a Premium membership, you have the ability to request feedback from an On Call attorney with relevant experience or get answers to other legal questions about your Power of Attorney. As always, Rocket Lawyer is here to help.
The cost of working with a law firm to draft a Power of Attorney can add up to anywhere between two hundred and five hundred dollars, based on your location. Rocket Lawyer is not your average Power of Attorney template website. With our service, anyone under a Rocket Lawyer membership can take advantage of up to 40% in savings when hiring an On Call attorney.
As a Rocket Lawyer member, you will be able to edit it, download it as a Word document or PDF file, and print it out. In order to finish up your Power of Attorney, it must be signed. Your agent(s) and financial institutions should receive copies of the final document.
The rules and restrictions governing PoA forms will vary in each state; however, in Minnesota, your Power of Attorney will need to be notarized. If your agent will engage in real estate transactions, the Power of Attorney must be acknowledged by a notary and recorded with your county.
See Minnesota Power of Attorney law: Chapter 523