Updated on May 10th, 2023A Nebraska durable (financial) power of attorney is a legal form that appoints an attorney-in-fact to manage a person’s (principal) finances. The term “durable” means that even in the event of incapacitation, the attorney-in-fact remains in control of the principal’s finances. It is recommended to appoint someone who lives nearby to better manage one’s day-to-day affairs. This person should also be…
Updated on May 11th, 2023A Virginia durable power of attorney form, otherwise known as a financial power of attorney form, enables a principal to choose a representative who will have the authority to manage their finances. The person selected, referred to as the “agent,” should be a trusting individual that the principal can rely on to handle their business affairs, investments, and personal assets while…
Updated on May 10th, 2023A New Mexico tax power of attorney form (Form ACD-31102) establishes a legal relationship between the principal and the tax accountant they have hired to file their taxes. While a general or durable power of attorney can authorize an attorney-in-fact to complete all tax-related matters for them, this document will limit the agent’s powers to solely file the principal’s taxes, specifically…
Updated on May 10th, 2023A Montana general power of attorney form is used by individuals to assign an agent to act and make financial decisions on their behalf. On the contract, the individual being represented (the principal) can delegate which responsibilities and actions the agent will be authorized to perform. The arrangement becomes void in any situation where the principal becomes mentally incapacitated. To make…
Updated on May 10th, 2023A New Mexico minor child power of attorney enables one or more parents to authorize temporary guardianship over their minor child or children. An example of appropriate use would be if a single parent were to leave on a business trip or for military deployment for an extended period of time. While away, the parent will want a trusted individual, such…
