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Making a Special Power of Attorney
A Special Power of Attorney (PoA) is a legal document that grants a selected individual the authority to manage specified legal and financial affairs on your behalf, such as signing contracts, selling real estate, accessing bank accounts.
The person granting permission is called the "principal," while the people or organizations obtaining authority are called the "agents." Suited for all U.S. residents, Special Power of Attorney forms from Rocket Lawyer can be completely personalized for your specific situation. As a result of this legal document, your representative can provide verification to financial institutions and other parties that they can legally sign documents or take other actions for you.
It's quick and easy to assign or receive the support you may need with a free Special Power of Attorney template from Rocket Lawyer:
This solution is often much more affordable and convenient than working with a traditional law firm. If needed, you may fill out this PoA on behalf of a family member, and then have that person sign when ready. Please remember that for this document to be accepted as 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 conservatorship may be necessary. When managing this situation, it is best for you to talk to an attorney.
Every person over 18 should have a Power of Attorney. Even though it's difficult to think about, a day might come when you are no longer able to make legal decisions on your own. There will even be moments when you are simply not available. Common occasions in which you might find a PoA to be useful include:
Whether your Special Power of Attorney has been produced in response to an emergency or as part of a forward-looking plan, notarization and witnesses are strongly recommended as a best practice for protecting your agent if their privileges and authority are disputed by a third party.
Power of Attorney documents can be classified in several ways. They are mainly dependent on when the powers will come into effect, how long they will remain in effect, and what they grant authority over. Frequently, you'll find them separated into the four segments below:
When generating your free Special Power of Attorney with Rocket Lawyer, you may opt to have the authority begin immediately, on a desired date, or only at the point when you are not capable. Your Power of Attorney may terminate on a particular date or upon your death.
Limited Power of Attorney forms are typically straightforward, but you or your agent could need advice. The answer can depend on whom you contact, but sometimes a lawyer will not even agree to review a document that they didn't work on. A more favorable approach might be to request help from attorney services at Rocket Lawyer. When you sign up for a Premium membership, you have the ability to ask for guidance from an On Call attorney with relevant experience or pose additional legal questions about your Power of Attorney. We are here to support you.
The cost of meeting and hiring a lawyer to generate a Power of Attorney could add up to anywhere from $200 to $500. When you use Rocket Lawyer, you aren't just filling out a Power of Attorney template. In case you ever require assistance from a lawyer, your Premium membership provides up to a 40% discount when you hire an attorney from our On Call network.
Your Power of Attorney has a set of tips to follow while finalizing your document. With a Rocket Lawyer membership, you will be able to make edits, download it as a Word or PDF document, print it out, and/or sign it. Finally, your agent(s) and financial institutions should receive copies of your fully executed document.
The rules and restrictions governing PoA forms vary by state; however, it is recommended to have your Power of Attorney signed by at least one witness and/or a notary public to help reinforce the authenticity of the document. If your agent(s) will handle real estate transactions, the Power of Attorney must be signed before a notary and filed or recorded with the county. Finally, as a basic standard, witnesses should be at least 18 years old, and no witness should also be acting as your agent.