Indiana power of attorney forms allow individuals to appoint representatives to take care of their finances and healthcare decisions. Using the durable power of attorney and living will forms (medical power of attorney), agents can be given the authority to act on behalf of the principal in the event of their incapacitation. The purpose of this is to ensure that the principal is taken care of and that their wishes are carried out during any period of incapacity. In addition to giving authority to financial and health care agents, power of attorney forms are commonly used in hiring third parties to file taxes or sell property on the principal’s behalf.
Laws – Title 30, Article 5 (Powers of Attorney)
An Indiana durable power of attorney form is a document by which an individual (principal) can authorize an agent (attorney-in-fact) to act on their behalf during their lifetime and in the event that they become incapacitated or die. This authorization is used primarily for making financial decisions in the principal’s interest. In Illinois, there is no restriction as to who individuals can appoint as their…
An Indiana medical power of attorney, also known as “Form 56184”, is used to appoint a healthcare representative to make medical decisions for the principal in the event of their incapacitation. It is important that individuals choose someone who can be available locally to meet with the principal’s health providers and share their basic values regarding healthcare. Therefore, many individuals choose their spouses to be…
An Indiana general power of attorney form grants a third party the authority to act on the principal’s behalf for any type of financial decision within the state. The difference between this designation and the durable power of attorney is that this document becomes void if the principal should become incapacitated. The form does not need to be signed in front of any witnesses to…
An Indiana limited power of attorney form is used for the designation of an agent who is authorized to act on specific decisions for the principal. The decision(s) that are permitted may be for anything from paying bills to purchasing or selling a home to benefit of the principal. All proceeds (if any) must go to the principal. Laws Statute – Title 30, Article 5 (Powers of…
An Indiana tax power of attorney form permits residents to hire a third party to file taxes to the Department of Revenue on their behalf. Otherwise known as the “POA – 1” form, the document is recommended to be forwarded to a certified public accountant or tax attorney who has some knowledge of the tax system in Indiana. Laws Statute – Title 30, Article 5 (Powers of…
An Indiana vehicle/boat power of attorney form (Form 1940) allows an individual to designate another party to handle a vehicle sale on their behalf. All proceeds and negotiations must be to the benefit of the seller (principal) and must be signed in front of a notary public to be usable. The document remains valid for 90 days from the date of the notary’s stamp. If…
An Indiana minor (child) power of attorney form enables a parent to select a representative to perform actions and make decisions concerning a minor child. The power of attorney allows the representative to act in a parental capacity in order to ensure the adequate care and custody of the minor. In Indiana, the parental powers may remain effective no longer than 12 months, or for as…
An Indiana real estate power of attorney is a document used specifically for granting certain real estate-related powers to an agent. The principal, the individual who executes the document, can use the provided form to select all the powers they wish to hand over to their agent. Examples of an agent’s duties could include selling and buying property, refinancing, mortgages, and deeds, and general real…
An Indiana living will is a legal document explaining the principal’s desires regarding life-prolonging procedures in cases of terminal conditions. Any mentally competent person 18 or older can consent or refuse consent for life-prolonging procedures. A life-prolonging procedure is any medical procedure using mechanical or other artificial means to sustain, restore or supplant a vital bodily function, or serves to prolong the dying process in…
