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Making an Oregon Power of Attorney
An Oregon Power of Attorney (PoA) is a legal document that grants a person or organization the authority to manage legal and financial matters for you, such as accessing bank accounts, buying or selling real estate, and signing contracts.
The individual granting control is called the "principal," while the individuals or organizations receiving authority are known as the "agents." Suitable for Oregon residents, our Power of Attorney is made for use in Clackamas County, Multnomah County, Washington County, and in every other part of the state. All Oregon Power of Attorney forms from Rocket Lawyer can be tailored for your unique scenario. With this official legal document on hand, your agent(s) will be able to offer proof to financial institutions and other parties that they can act in your interest when you are not present or able.
It's very simple to grant or receive the authority you need with a free Oregon Power of Attorney template from Rocket Lawyer:
This method will often be notably less expensive than hiring a traditional law firm. If needed, you may start this PoA on behalf of a relative, and then have them sign it when ready. Please remember that for a PoA form to be accepted as legally valid, the principal must be a mentally competent adult when they sign. If the principal has already been declared incompetent, a conservatorship might be necessary. When managing such a situation, it's a good idea for you to speak to an attorney.
Every person over 18 years old ought to have a Power of Attorney. While it's tough to acknowledge, there will likely come a day when you aren't able to make your own legal decisions. There will also be moments when you are simply not available. Typical occasions where a PoA might be useful include:
Regardless of whether this Oregon Power of Attorney has been prepared as part of a long-term plan or created as a result of an unexpected emergency, notarization and witnesses often help to protect your agent if their power and authority are questioned.
There are several ways to categorize Power of Attorney documents. They are mainly dependent on how long the powers will remain in effect, when they come into effect, and what they grant authority over. Frequently, you'll see them described in four segments:
When producing your free Oregon Power of Attorney, you may decide to have the agent's authority start on a desired day, immediately, or only at the time when you're no longer capable. The Power of Attorney may expire either upon your death or on a specific date.
Oregon Power of Attorney forms are typically simple; however, you may still have questions. It can vary depending on whom you ask, but often some lawyers will not even agree to review documents that they did not draft. A more favorable approach to consider is to go through the On Call network. If you become a Premium member, you have the ability to ask for feedback from an experienced lawyer or ask other questions related to your Power of Attorney. As always, we're here for you.
The cost of working with the average lawyer to draft a Power of Attorney might range anywhere between $200 and $500, based on your location. Rocket Lawyer is not a run-of-the-mill Power of Attorney template provider. With our service, anyone under a Premium membership has access to up to 40% in savings when hiring an attorney from our On Call network.
Your Power of Attorney will come with its own list of suggested actions to take to finalize your document. As a Rocket Lawyer member, you may make edits, save it as a Word document or PDF file, and sign it. Finally, you should send a final copy of the fully signed document to your agent(s), financial institutions, and other impacted parties.
The specifications and restrictions vary in each state; however, in Oregon, if you intend for the agent to manage your real estate, then the PoA will need to be notarized. If your agent will engage in real estate transactions, the Power of Attorney must be signed before a notary public and recorded or filed with the county. Finally, as a basic principle, your witness(es) must not be under the age of 18, and none of them should also be your PoA agent.
See Oregon Power of Attorney law: Chapter 127