Updated on May 4th, 2023A Georgia real estate power of attorney authorizes an agent to represent the principal in specific real estate-related affairs. The principal can, through checking certain boxes in Article 1 of the power of attorney document, grant specific permissions to their agent. These powers include selling and buying property, real estate management, refinancing and mortgaging, and handling deeds, notices, and other assignments….
Updated on May 10th, 2023A New Mexico general power of attorney form allows someone to appoint someone else to handle all (or most) of their financial affairs. While a durable power of attorney remains intact in the event of the principal’s incapacitation, a general power of attorney becomes void as soon as the principal is unable to make important decisions for themselves. Since a person…
Updated on May 5th, 2023A Michigan general power of attorney form is used to designate an attorney-in-fact to perform financial transactions on the principal’s behalf. The contract allows the attorney-in-fact unrestricted monetary powers as long as they act for the benefit of the principal. Unlike the durable power of attorney, the contract is terminated if the principal becomes incapacitated. Signing Requirements – Two witnesses and/or…
Updated on May 10th, 2023A New York statutory durable power of attorney form authorizes an attorney-in-fact to manage a person’s financial matters in perpetuity after the document’s execution, even in the event of incapacitation. The appointed attorney-in-fact should be someone close to the principal, a person who is capable but also trustworthy. Once the power of attorney form is signed, the attorney-in-fact will be able to…
Updated on May 5th, 2023A Kansas general power of attorney form is a contract that authorizes a third party (called an “attorney-in-fact”) to handle any and all financial decisions on behalf of the principal. The agent selected has a fiduciary duty to act in the principal’s best interests and may not compensate themselves. If the principal cannot make decisions and think for themselves, the contract…