Kentucky power of attorney allows individuals to appoint third parties to act as their representatives. Most powers of attorney authorize the representative to make specific types of decisions (e.g., financial, medical, real estate, vehicle sale, etc.) on their behalf and are limited in their duration. Durable powers of attorney give the agent the authority to act for the principal if they become temporarily or permanently incapacitated. All power of attorney documents in relation to financial or medical matters must be signed by at least two witnesses or be notarized.
Laws – KRS Chapter 457 (Uniform Power of Attorney Act)
A Kentucky durable power of attorney form is used by individuals to appoint a third party as their attorney-in-fact to handle any and all monetary decisions on their behalf. The agent cannot compensate themselves and must act in the principal’s best interests in every transaction. The form remains valid even if the principal can no longer make decisions for themselves due to mental illness or…
A Kentucky general power of attorney form allows individuals to authorize a third party to act as their attorney-in-fact. The attorney-in-fact will be responsible for, among other things, dealing with banks, government departments, creditors, debtors, and investments on behalf of the principal. Unlike a durable power of attorney, this contract does not remain valid if the principal should become incapacitated or mentally disabled. It should…
A Kentucky medical power of attorney form is a document by which residents can appoint an agent to represent them in making medical decisions if they become mentally incapacitated. The principal will be able to specify the types of medical treatments that they wish to prohibit or allow and under which circumstances. The healthcare agent cannot be anyone professionally involved in the principal’s healthcare, such…
A Kentucky limited power of attorney form is used to appoint an agent to handle specific financial decision(s) on the principal’s behalf. The agent has a fiduciary duty to act in the principal’s best interests, and the form usually cancels upon: Completion of the task of the event; At a specified time; and Incapacitation of the principal. For the form to be legal to use,…
A Kentucky minor power of attorney form permits a parent to designate an agent to make healthcare and educational decisions on behalf of their child. This agreement is temporary and is usually established for periods during which the parent will not be present due to work, education, illness, military service, or other reasons. While Kentucky statutes do not specify how long a guardianship arrangement may…
A Kentucky tax power of attorney form allows a person paying taxes to the Dept. of Revenue to hire a third party to file their taxes. Unlike other power of attorney forms in the state, this does not need to be notarized or witnessed by other persons. Once complete, the document will need to be attached to the tax filing sent to the state. The…
A Kentucky motor vehicle power of attorney (Form TC-96-336) allows the owner of a vehicle, the principal, to give powers related to selling, registering, titling, or any other responsibilities to another individual. This means that the individual selected, known as the agent, will be permitted to legally sell the vehicle for any price that favors the principal. Therefore, it’s important to select a trustworthy agent….
A Kentucky real estate power of attorney authorizes an individual to act on another’s behalf and handle responsibilities related to the management of real estate. The chosen delegate may perform their duties with the same authority as the principal (property owner or buyer). Such duties might include paying bills, managing leases, administering repairs, listing the property for sale, submitting offers to purchase, and signing official documents….
