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Things To Keep In Mind When Composing A POA Doc - Legal Services Classified Ads in Fort Lauderdale

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A power of attorney document is legal paper indicating that you chose someone whom you trust, called the agent, to handle your dealings and make decisions if you are not in a position to do so.


What are the types of Power of Attorney?


Conventional


This POA is in effect when it is signed and remains until the principal becomes incapacitated, such document clearly states that you want your agent to make decisions for you if you are unable to do so.



Springing


This power of attorney document is in effect when a specific event takes place and you become incapacitated. The designated moment of the springing or beginning of this POA is clearly mentioned in the document.



Durable


This POA becomes effective as soon as it is signed and remains in effect unless it is canceled. It must clearly state that the agent has the power even if you become incapacitated.



A power of attorney template could also be created for a specific transaction such as selling a business, and cancelled when that transaction is completed.



Please visit this website for more info about Free Agreements and Legal Forms - https://forms.legal
September 18, 2018
Legal Services
2880 W. Oakland Park Blvd STE 2010, Fort Lauderdale, Florida
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https://forms.legal/free-power-of-attorney-form/

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Things To Keep In Mind When Composing A POA Doc