Fix number in the Power of Attorney

Aug 6th, 2022
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How to fix number in the Power of Attorney

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hey there im paul Rabelais im an estate planning attorney and in this video im gonna talk all about power of attorney something just about everybody does hmm often misunderstood so Im gonna lay out really 10/10 critical points that affect people when they either are creating a power of attorney or theyve been appointed by someone else who created a power of attorney so Im Paul Rabelais estate planning attorney help our clients all around Louisiana get and keep their legal affairs in order so first let me go over what is a power of attorney so power attorney is something that just about everybody does when theyre getting all of their legal affairs in order but its a its an instrument or a legal document where you give someone else the authority to transact for you and then were gonna you know dig into some of the details here so I want to give you ten key points about power of attorney the first four are gonna be really more definitions but you need to know the definitions and

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Powers of attorney concerning real property must be acknowledged (docHubd). There is no statutory requirement that the power of attorney be recorded with the County Recorder in the county where the real property is located.
The document must be acknowledged by a notary public or signed by at least 2 adult witnesses. An agent cannot be a witness. This Power of Attorney shall become effective upon the incapacity of the principal, or similar words that show you want the document to be valid even if you become incapacitated.
By signing a written document revoking the power of attorney, called a revocation. The revocation must be docHubd. revoke the document. This can be done by you or by another person acting under your direction and in your presence.
What three decisions cannot be made by a legal power of attorney? A power of attorney cannot change or invalidate a will, act outside of the principals best interest, or violate the terms of nominating documents, and cannot make decisions on behalf of the principal after their death.
If you dont have a Durable POA in place and you become incapacitated, your family may have to go to court to have themselves or another appointed as a Guardian or Conservator for you (more on that below). This is an expensive and time-consuming process.
The Bottom Line A durable power of attorney (which can be either general, special or healthcare) normally does not enable someone to transfer any of your assets to himself or herself. However, if you give that person specific, written permission, they may do so.
Steps for Making a Financial Power of Attorney in California Create the POA Using a Statutory Form, DIY Program, or Attorney. Sign the POA in the Presence of a Notary Public or Two Witnesses. Store the Original POA in a Safe Place. Give a Copy to Your Agent. File a Copy With the Land Records Office.
A power of attorney is a legal document that allows someone else to act on your behalf. A power of attorney can be helpful to older people and others who want to choose a trusted person to act on their behalf when they cannot.

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