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What is a Tennessee Power of Attorney?

A Tennessee Power of Attorney (PoA) is a legal document that gives a selected person or organization permission to manage financial matters on your behalf, such as accessing your bank account(s), selling real estate, and signing contracts. 
 
The person granting control is called the "principal," and the individual or entity gaining authority is known as the "agent." Designed for Tennessee residents, this Power of Attorney can be used in Hamilton County, Davidson County, Knox County, and in all other regions in the state. All Tennessee PoA forms from Rocket Lawyer can be tailored for your unique scenario. Making this legal document will provide verification to financial institutions and other parties that your chosen agent can sign documents or take other actions for you when you are not present or able.

When to use a Tennessee Power of Attorney:

  • You wish to give someone broad authorization to act for you if you are absent or incapable.
  • You wish to give someone power to handle certain financial or legal issues in your absence or if you become ill.
  • You wish to authorize someone to act on your behalf if case you become legally incompetent or incapacitated.

Sample Tennessee Power of Attorney

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I, , residing at , , , hereby appoint Each Agent may act independently, without the consent of the other Agent. The Agents must act jointly, with the consent of the other Agent.

 

or if we become legally separated or divorced, If either Agent is unable to serve for any reason, the other Agent shall serve alone. If either Agent is unable to serve for any reason, I appoint , of , , , as my Successor Agent to serve alone. If either Agent is unable to serve for any reason or if we become legally separated or divorced, I appoint , of , , as my Successor Agent to serve alone. If both Agents are unable to serve (either together or independently) I appoint , , , to act as my Alternate Successor Agent to serve alone.

I hereby revoke any and all general powers of attorney that previously have been signed by me. I hereby revoke any and all special powers of attorney that previously have been signed by me. I hereby revoke any and all general powers of attorney and special powers of attorney that previously have been signed by me. However, the preceding sentence shall not have the effect of revoking any powers of attorney that are directly related to my health care that previously have been signed by me.

.

insurance or annuity accounts

retirement accounts

payable on death savings accounts

payable on death checking accounts

 

 

 

  . Provide for the support and protection of myself, my spouse, or of any minor child I have a duty to support or have established a pattern of prior support, including, without limitation, provision for food, lodging, housing, medical services, recreation and travel;

 

. Maintain and/or operate any business that I may own.

 

. Employ professional and business assistance as may be appropriate, including attorneys, accountants, and real estate Agents.

 

my homestead as described in the attached Exhibit. any homestead that I now own or may own in the future. my homestead legally described as:

 

 

If the Agent is my spouse, then I also hereby appoint , of , as my substitute Agent solely for the purpose of releasing any dower, homestead or other inchoate interest or other property rights (of whatever nature), which under local law may not be released by my spouse.

. Make gifts from my assets to members of my family and to such other persons or charitable organizations with whom I have an established pattern of giving (or if it is appropriate to make such gifts for estate planning and/or tax purposes), to file state and federal gift tax returns, and to file a tax election to split gifts with my spouse, if any. No Agent acting under this instrument, except as specifically authorized in this instrument, shall have the power or authority to (a) gift, appoint, assign or designate any of my assets, interests or rights, directly or indirectly, to such Agent, such Agent's estate, such Agent's creditors, or the creditors of such Agent's estate, (b) exercise any powers of appointment I may hold in favor of such Agent, such Agent's estate, such Agent's creditors, or the creditors of such Agent's estate, or (c) use any of my assets to discharge any of such Agent's legal obligations, including any obligations of support which such Agent may owe to others, excluding those whom I am legally obligated to support.

. To transfer any of my assets to the trustee of any revocable trust created by me, if such trust is in existence at the time of such transfer.

 

. To utilize my assets to fund a trust not created by me, but to which I have either established a pattern of funding, or to fund a trust created by my Agent for my benefit or the benefit of my dependents, heirs or devisees upon the advice of a financial adviser.

 

. To create, sign, modify or revoke any trust agreements or other trust documents in an attempt to manage or create a trust that was created for my benefit or the benefit of my dependants, heirs or devisees. This shall include the creation, modification or revocation of any inter vivos, family living, irrevocable or revocable trusts.

 

. To exercise fiduciary responsibilities that I have a right to delegate.

 

. Subject to other provisions of this document, my Agent may disclaim any interest, which might otherwise be transferred or distributed to me from any other person, estate, trust, or other entity, as may be appropriate. However, my Agent may not disclaim assets to which I would be entitled, if the result is that the disclaimed assets pass directly or indirectly to my Agent or my Agent's estate.

 

. Have access to my healthcare and medical records and statements regarding billing, insurance and payments.

 

. Act on my behalf for the purposes of managing, distributing, and terminating my digital assets. For the purposes of this Power of Attorney, digital assets shall mean electronic assets that are stored on my computers, electronic devices, or on any online account, as identified in the Digital Assets Memorandum of this Power of Attorney. Online accounts include, but are not limited to, social-networking sites, online backup services, servers, email accounts, photo and document sharing sites, financial and business accounts, domain names, virtual property, websites, and blogs. The Digital Assets Memorandum, with associated websites, usernames, passwords, and related information, is hereby incorporated by reference into this Power of Attorney and shall be distributed to my Agent designated in this Power of Attorney. My Agent shall have the power and authority to manage, conduct, and to exercise all of my legal rights and powers relating to my digital assets, including all rights and powers that I may acquire in the future. My Agent's powers shall include, but not be limited to, the power to access, download, and backup digital assets, convert my file formats, access any and all devices necessary to manage digital assets, and clear computer caches and delete files.

 

. Open, maintain or close bank accounts (including, but not limited to, checking accounts, savings accounts, and certificates of deposit), brokerage accounts, retirement plan accounts, and other similar accounts with financial institutions. This power shall include the authority to conduct any business with any banking or financial institution with respect to any of my accounts, including, but not limited to, making deposits and withdrawals, negotiating or endorsing any checks or other instruments with respect to any such accounts, obtaining bank statements, passbooks, drafts, money orders, warrants, and certificates or vouchers payable to me by any person, firm, corporation, or political entity.

 

. Open, maintain or close the following specific accounts. This power shall include the authority to conduct any transaction for these accounts, including, but not limited to, making deposits and withdrawals, negotiating or endorsing any checks or other instruments with respect to any such accounts, obtaining bank statements, passbooks, drafts, money orders, warrants, and certificates or vouchers payable to me by any person, firm, corporation, or political entity.

 

 

Perform any act necessary to deposit, negotiate, sell, or transfer any note, bond, security, or draft of the United States of America, including U.S. Treasury Securities.

 

Institute, supervise, prosecute, defend, intervene in, abandon, compromise, arbitrate, settle, dismiss, and appeal from any and all legal, equitable, judicial or administrative hearings, actions, suits, proceedings, attachments, arrests or distresses, involving me in any way.

 

 

 

. . . Sell or convey any interest of mine in real estate (whether currently owned or later acquired). Sell or convey any interest of mine in real estate located at Sell or convey any interest of mine in real estate located at

The total sale price must be at least .

 

If the Agent is my spouse, then I also hereby appoint of , , as my substitute Agent solely for the purpose of releasing any dower, homestead or other inchoate interest or other property rights (of whatever nature), which under local law may not be released by my spouse.

 

. . . Mortgage or encumber any interest of mine in real estate (whether currently owned or later acquired). Mortgage or encumber any interest of mine in real estate located at: Mortgage or encumber any interest of mine in real estate located at:

 

If the Agent is my spouse, then I also hereby appoint of , , as my substitute Agent solely for the purpose of releasing any dower, homestead or other inchoate interest or other property rights (of whatever nature), which under local law may not be released by my spouse.

 

. . . Manage, insure, improve, repair, collect rents, execute leases, or take any other action that a landlord might take, with respect to any interest of mine in real estate (whether currently owned or later acquired). Manage, insure, improve, repair, collect rents, execute leases, or take any other action that a landlord might take, with respect to any interest of mine in real estate located at: Manage, insure, improve, repair, collect rents, execute leases, or take any other action that a landlord might take, with respect to any interest of mine in real estate located at:  .  .  . Sell or convey any personal property that I might own now or in the future, tangible or intangible, on such terms and conditions as my Agent deems appropriate. Sell or convey .

 

This power shall include the power to (i) sign contracts of sale and documents to transfer title (including bills of sale), and (ii) accept a security interest for any unpaid portion of the purchase price.

 

 

This power shall include the power to (i) obtain credit upon such terms as my Agent may deem appropriate, subject to the limitations (if any) stated above, (ii) sign any documents (including notes, credit agreements, security agreements, and financing statements), and (iii) take any other action that may be required to complete the above transactions.

 

 

, , .

 

This power shall include the power to: (i) make and carry out decisions regarding sales, purchases, employees, loans, and equipment, and (ii) take any action needed (at the discretion of my Agent) to operate the business.

 

This power shall be limited to the power to make decisions in the ordinary course of business, including, but not limited to, decisions regarding sales, purchases, employees, and equipment.

 

. Prepare, sign, and file documents with any governmental body or agency. Prepare, sign, and file documents with any governmental body or agency. Prepare, sign, and file documents with any governmental body or agency

. Prepare, sign, and file income, gift and other tax returns of all kinds with federal, state, local, and other governmental bodies, and any Power of Attorney form appointing an Agent required by the Internal Revenue Service and/or any state or local taxing authority.

 

. Obtain information or documents from any government or its agencies, and represent me in all tax matters, including the authority to negotiate, compromise, or settle any matter with such government or agency.

 

. Prepare applications, provide information, and perform any other act reasonably requested by any government or its agencies in connection with governmental benefits (including medical, military and social security benefits), and to appoint anyone, including my Agent, to act as my "Representative Payee" for the purpose of receiving Social Security benefits.

. Act on my behalf with respect to the following matters: . Act on my behalf with respect to the following matters: . Act on my behalf with respect to the following matters:

-Exercise all stock rights on my behalf as my proxy, including all rights with respect to stocks, bonds, debentures, commodities, options or other investments.

-Enter into binding contracts on my behalf.

-Purchase, maintain, surrender, collect, or cancel (a) life insurance or annuities of any kind on my life or on the life of anyone in whom I have an insurable interest, (b) liability insurance protecting me and my estate against third party claims, (c) hospital insurance, medical insurance, Medicare supplement insurance, custodial care insurance, and disability income insurance for me or any of my dependents, and (d) casualty insurance insuring assets of mine against loss or damage due to fire, theft, or other commonly insured risk; to pay all insurance premiums, to select any options under such policies, to increase coverage under any such policy, to borrow against any such policy, to pursue all insurance claims on my behalf, to adjust insurance losses, and the foregoing powers shall apply to private and public plans, including but not limited to Medicare, Medicaid, SSI and Worker's Compensation; to designat and change beneficiaries of insurance policies insuring my life and beneficiaries under any annuity contract in which I have an interest; to decrease coverage under or cancel any of these policies described above; to receive and make such disposition of the cash value on termination of any such policy as my Agent deems appropriate. However, my Agent shall have no power or authority whatsoever with respect to any interest in or incidents of ownership in any policy of insurance I may own on the life of my Agent.

-Create and contribute to an employee benefit plan, including a plan for a self-employed individual, for my benefit; to elect retirement on my behalf; to select any payment option under any IRA or employee benefit plan in which I am a participant, including plans for self-employed individuals, or to change options I have selected; to make voluntary contributions to such plans; to make "roll-overs" of plan benefits into other retirement plans; to apply for and receive payments and benefits; to waive rights given to nonemployee spouses under state or federal law; to borrow money or purchase assets from such plans, if authorized by such plans; to make revocable and irrevocable beneficiary designations and to change revocable beneficiary designations; to consent and/or waive consent in connection with the designation of beneficiaries and the selection of joint and survivor annuities under any employee benefit plan.

-Employ professional and business advisors as may be appropriate, including attorneys, accountants, and real estate Agents.

-Add, delete or change beneficiaries to any financial accounts I own including insurance policies, annuities, retirement accounts, payable on death savings or checking account or other investments.

 

-Add, delete or change beneficiaries to

insurance or annuity accounts

retirement accounts

payable on death savings accounts

payable on death checking accounts

 

 

 

 

 

 

 

 

 

 

Act on my behalf for the purposes of managing, distributing, and terminating my digital assets. For the purposes of this Power of Attorney, digital assets shall mean electronic assets that are stored on my computers, electronic devices, or on any online account, as identified in the Digital Assets Memorandum of this Power of Attorney. Online accounts include, but are not limited to, social-networking sites, online backup services, servers, email accounts, photo and document sharing sites, financial and business accounts, domain names, virtual property, websites, and blogs. The Digital Assets Memorandum, with associated websites, usernames, passwords, and related information, is hereby incorporated by reference into this Power of Attorney and shall be distributed to my Agent designated in this Power of Attorney. My Agent shall have the power and authority to manage, conduct, and to exercise all of my legal rights and powers relating to my digital assets, including all rights and powers that I may acquire in the future. My Agent's powers shall include, but not be limited to, the power to access, download, and backup digital assets, convert my file formats, access any and all devices necessary to manage digital assets, and clear computer caches and delete files.

 

My Agent shall not be liable for any loss that results from a judgment error that was made in good faith. However, my Agent shall be liable for willful misconduct or the failure to act in good faith while acting under the authority of this Power of Attorney. A Successor Agent shall not be liable for acts of a prior Agent.

 

 

My Agent shall provide an accounting for all funds handled and all acts performed as my Agent as required under state law or upon my request or the request of any authorized personal representative, fiduciary or court of record acting on my behalf.

 

I hereby appoint

 

 

 

My Digital Agent shall not be entitled to any compensation, during my lifetime or upon my death, for any services provided as my Digital Agent. My Digital Agent shall be entitled to reasonable compensation for any services provided as my Digital Agent. My Digital Agent shall not be entitled to reimbursement of expenses incurred as a result of carrying out any provision of this Power of Attorney. My Digital Agent shall be entitled to reimbursement of all reasonable expenses incurred as a result of carrying out any provision of this Power of Attorney.

This Power of Attorney is granted in, and shall be governed by the laws of the state of Tennessee; however, I intend that this Power of Attorney be universally recognized and that it be universally admissible to recordation. In the event that I become a resident of another jurisdiction, or obtain property, including real property or any other property interest, in another jurisdiction, it remains my intention that the laws of Tennessee shall continue to govern this Power of Attorney.

 

This Power of Attorney shall become effective immediately. on . upon written certification by my physician that I am incapacitated or mentally incapable of managing my financial affairs, and shall not be affected by my disability or lack of mental competence, except as may be provided otherwise by an applicable state statute. This is a Durable Power of Attorney. immediately, and shall not be affected by my disability or lack of mental competence, except as may be provided otherwise by an applicable state statute. This is a Durable Power of Attorney. on , and shall not be affected by my disability or lack of mental competence, except as may be provided otherwise by an applicable state statute. This is a Durable Power of Attorney. This Power of Attorney shall continue effective until or until I lack sufficient mental competence to understand and handle my financial and personal affairs or until I lack sufficient mental competence to understand and handle my financial and personal affairs. This Power of Attorney may be revoked by me at any time by providing written notice to my Agent.

 

Dated ____________________, ______, at , .

 

 

 

__________________________________

 

 

 

Witness Signature: ___________________________________

Name:

City:

State:

 

 

 

Witness Signature: ___________________________________

Name:

City:

State:

 

 

STATE OF ,

COUNTY OF , ss:

 

On this _____ day of ____________________, ______, before me personally appeared , to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he/she executed same as his/her free act and deed.

 

 

_________________________________

Notary Public

 

 

My commission expires _____________

 

Notice to Person Executing Power of Attorney:

 

A Power of Attorney is an important legal document. By signing the Power of Attorney, you are authorizing another person to act for you, the principal. Before you sign this Power of Attorney, you should know these important facts:

 

Your Agent (attorney-in-fact) has no duty to act unless you and your Agent agree otherwise in writing.

 

This document gives your Agent the powers to manage, dispose of, sell and convey your real and personal property, and to use your property as security if your Agent borrows money on your behalf, unless you provide otherwise in this Power of Attorney.

 

Your Agent will have the right to receive reasonable payment for services provided under this Power of Attorney unless you provide otherwise in this Power of Attorney.

 

The powers you give your Agent will continue to exist for your entire lifetime, unless you state that the Power of Attorney will last for a shorter period of time or unless you otherwise terminate the Power of Attorney. The powers you give your Agent in this Power of Attorney will continue to exist even if you can no longer make your own decisions respecting the management of your property, unless you provide otherwise in this Power of Attorney.

 

You can change or correct the terms of this Power of Attorney only by executing a new Power of Attorney, or by executing an amendment through the same formalities as an original. You have the right to revoke or terminate this Power of Attorney at any time, so long as you are competent.

 

This Power of Attorney must be dated and must be acknowledged before a notary public. A Power of Attorney that may affect real property should be acknowledged before a notary public so that it may easily be recorded.

 

You should read this Power of Attorney carefully. When effective, this Power of Attorney will give your Agent the right to deal with property that you now have or might acquire in the future. The Power of Attorney is important to you. If you do not understand the Power of Attorney, or any provision of it, then you should obtain the assistance of an attorney or other qualified person.

 

 Date Date

 

______________________________________ _____________________________

Date

 

 

 

Notice to Person Accepting the Appointment as Attorney-in-Fact:

 

By acting or agreeing to act as the Agent (attorney-in-fact) under this Power of Attorney, you assume the fiduciary and other legal responsibilities of an Agent. These responsibilities include:

 

1. The legal duty to: act solely in the interest of the principal; act loyally, with care, competence, and diligence; and avoid conflicts of interest.

 

2. The legal duty to keep a record of all transactions made on behalf of the principal, including the responsibility to produce receipts, ledgers and other records of all deposits, disbursements or other transactions involving the principal's assets or indebtedness.

 

3. To cooperate with the principal's Agent for health care decisions, should the principal appoint such an Agent, in making decisions in accordance with the principal's desires or in the best interest of the principal if the principal's wishes are not known.

 

4. The legal duty to preserve the principal's estate plan, if one exists, and the principal's desires for such plan to be preserved.

 

5. The legal duty to keep the principal's property separate and distinct from any other property owned or controlled by you.

 

6. The legal duty to terminate actions as Agent (Attorney-in-Fact) under this Power of Attorney upon the occurrence of any of the following:

 

a. Principal's death;

b. Revocation of the Power of Attorney of principal;

c. The arrival of any date stated in the Power of Attorney, which states the termination of the Power of Attorney, if any; or

d. No additional action is required under the Power of Attorney.

 

7. If you are the spouse of the principal, the Power of Attorney terminates upon legal separation or dissolution of the marriage.

 

8. You may be held responsible and liable for any intentional actions which violate or abuse your authority under this Power of Attorney as provided by the state and federal laws governing this Power of Attorney.

 

9. You have the right to seek legal advice if you do not understand your duties as Agent or any provisions in the Power of Attorney.

 

You may not transfer the principal's property to yourself without full and adequate consideration or accept a gift of the principal's property unless this Power of Attorney specifically authorizes you to transfer property to yourself or accept a gift of the principal's property. If you transfer the principal's property to yourself without specific authorization in the Power of Attorney, you may be prosecuted for fraud and/or embezzlement. If the principal is 65 years of age or older at the time that the property is transferred to you without authority, you may also be prosecuted for elder abuse. In addition to criminal prosecution, you may be sued in civil court.

 

I have read the foregoing notice and I understand the legal and fiduciary duties that I assume by acting or agreeing to act as the Agent (attorney-in-fact) under the terms of this Power of Attorney.

 

Date:

 

Signed:

 

 

_________________________________

 

Name of Digital Agent:

Address:

City:

State:

ZIP Code:

Phone Number:

 

Name of Digital Agent:

Address:

City:

State:

ZIP Code:

Phone Number:

 

Name of First Co-Digital Agent:

Address:

City:

State:

ZIP Code:

Phone Number:

 

Name of First Co-Digital Agent:

Address:

City:

State:

ZIP Code:

Phone Number:

 

Name of Second Co-Digital Agent:

Address:

City:

State:

ZIP Code:

Phone Number:

 

Name of Second Co-Digital Agent:

Address:

City:

State:

ZIP Code:

Phone Number:

 

General Special Durable

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Tennessee Power of Attorney FAQs

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  • How do you get Power of Attorney in Tennessee?

    It is quick and easy to grant or receive the authority you may need with a free Tennessee Power of Attorney template from Rocket Lawyer:

    1. Make the PoA - Answer a few simple questions and we will do the rest
    2. Send and share - Discuss the PoA with your agent(s) or get legal advice
    3. Sign it - Mandatory or not, notarization and witnesses are a best practice

    This method will often be much more affordable and convenient than hiring and working with a traditional lawyer. If necessary, you can start this PoA on behalf of a family member, and then have them sign when ready. Please remember that for a Power of Attorney to be 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 required. When managing this situation, it's best to talk to a lawyer .

  • Do I need to have a Tennessee PoA?

    If you are over 18 years old, you ought to have a Power of Attorney. While it is tough to acknowledge, a time will likely come when you are no longer able to manage your affairs on your own. There will also be moments when you are simply out of reach. Here are a few typical situations in which a PoA would be helpful:

    • You are planning to travel or move overseas either temporarily or permanently
    • You are aging or have limited mobility
    • You live in a residential care facility and want help managing your finances
    • You wish to authorize someone to make decisions on your behalf in the event that you are incapacitated or absent

    Whether your Tennessee Power of Attorney is being generated as part of a long-term plan or created in response to an unexpected issue, notarization and witnesses often help to protect your document if anyone challenges its authenticity.

  • What are the 4 types of Power of Attorney used in Tennessee?

    PoA documents can be classified in multiple ways. They are mainly based on what powers will be granted, when they will come into effect, and how long they are valid. Frequently, you'll see them organized into these four buckets:

    • General Power of Attorney - Will grant broad authority over your affairs
    • Special Power of Attorney - Will grant limited powers over selected matters
    • Durable Power of Attorney - Will remain valid even if you become incapacitated
    • Springing Power of Attorney - Will be activated based on certain criteria

    When making your free Tennessee Power of Attorney, you can choose to have the power start on a precise day, immediately, or only when you are no longer capable. Your Power of Attorney may terminate on a particular date or upon your death.

  • Do I need to hire a lawyer to review my Tennessee PoA?

    Tennessee Power of Attorney forms are usually straightforward, but you or your agent(s) could have legal questions. The answer can vary depending on whom you contact, but quite often some attorneys may not even agree to review your document if they didn't draft it. An easier approach might be through Rocket Lawyer On Call® network of attorneys. By signing up for a Premium membership, you can request feedback from an experienced lawyer or send additional legal questions related to your Power of Attorney. We are here to support you.

  • What might it normally cost to get a Power of Attorney form in Tennessee?

    The fees associated with meeting and hiring the average legal provider to produce a Power of Attorney can total anywhere between $200 and $500. Rocket Lawyer offers much more than most other Power of Attorney template websites that you may find elsewhere. As a Rocket Lawyer Premium member, you can get up to a 40% discount when hiring an attorney from our network.

  • Will there be any additional actions to take once I draft a Tennessee Power of Attorney?

    Your Power of Attorney comes with a series of instructions on what comes next to finalize the document. You are encouraged to try any or all of the following actions with your PoA: editing it, downloading it in PDF format or as a Word file, printing it out, and/or signing it. Finally, you should provide a final copy of the signed document to your agent(s), financial institutions, and other impacted parties.

  • Does a Power of Attorney need to be notarized, witnessed, or recorded in Tennessee?

    The specifications and restrictions for PoA forms are different in each state; however, in Tennessee, if you would like the PoA to remain in effect if/when you become incapacitated, then the document must be signed by two witnesses or notarized. If your agent will manage real estate transactions, the Power of Attorney will need to be signed by a notary and filed or recorded with your county. Finally, as a general rule, your witness(es) should be over 18 years old, and no witness should simultaneously be acting as your Power of Attorney agent.

    See Tennessee Power of Attorney law: Title 34, Ch. 6, Part 1

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