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Aug 6th, 2022
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How to Slide title in the Durable 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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It should be noted that a general durable power of attorney in California cannot be replaced with a living trust because a power of attorney immediately expires upon the principals death. There are other limitations to a power of attorney.
HOW LONG DOES A POWER OF ATTORNEY LAST? You can decide if you want your Power of Attorney to expire on a certain date, or after your agent does a specific task. Or, your Power of Attorney can be durable. This means it will last either until you cancel it or until you die.
Durable Power of Attorney (DPOA)
(2022) A California Durable Power of Attorney is a document that authorizes your agent (a person you choose) to manage your financial affairs if you become unable (or unwilling) to manage them yourself.
How long does a durable power of attorney last in California? A durable power of attorney lasts for the entire lifetime of the principal unless there is a shorter period of time for its termination written into its terms. It may be terminated sooner by the principal revoking the authority granted under it.
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.
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.
(a) A person may use a statutory durable power of attorney to grant an attorney in fact or agent powers with respect to a persons property and financial matters. (b) A power of attorney in substantially the form prescribed by Section 752.051 has the meaning and effect prescribed by this subtitle.

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