Updated on May 5th, 2023A Maine general power of attorney form is a contract that appoints an individual (attorney-in-fact) to handle any and all monetary decisions on the principal’s behalf. All actions must be made for the principal’s benefit and the attorney-in-fact may not be compensated unless the principal has agreed to this. The form becomes invalid if the principal becomes incapacitated, or incapable of…
Updated on May 5th, 2023A Michigan durable power of attorney form allows an individual, known as the “principal,” to choose a representative to make any type of financial decisions and actions on their behalf. This type of contract either comes into effect immediately (and endures after the principal’s incapacitation) or only upon a physician declaring that the principal has become incapacitated. A secondary agent should…
Updated on May 5th, 2023An Iowa real estate power of attorney allows an individual to nominate a representative who may act in their place and make decisions on their behalf. Unlike a general power of attorney, this document only assigns powers relating to real estate transactions such as purchasing, selling, or leasing property. The document will be valid once signed by the principal (person making the…
Updated on May 10th, 2023A Vermont tax power of attorney form, also known as Form PA-1, provides a resident with the ability to choose a professional, usually a certified public accountant (CPA) or tax attorney, to handle the filing of state taxes with the Vermont Department of Taxes. The power of attorney will only be effective for a specific tax period as designated by the…
Updated on May 10th, 2023A Montana durable power of attorney form allows an individual (the principal) to name a representative to manage their business decisions, financial transactions, and assets. This contract either activates immediately or upon the incapacitation of the principal. By definition, a durable power of attorney remains active in the event that the principal is incapacitated due to some medical reason. Therefore, the…