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A durable power of attorney refers to a power of attorney which typically remains in effect until the death of the principal or until the document is revoked.
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
More information on lasting powers of attorney. A lasting power of attorney (LPA) is a way of giving someone you trust, your attorney, the legal authority to make decisions on your behalf if you lose the mental capacity to do so in the future, or if you no longer want to make decisions for yourself.
More information on lasting powers of attorney. A lasting power of attorney (LPA) is a way of giving someone you trust, your attorney, the legal authority to make decisions on your behalf if you lose the mental capacity to do so in the future, or if you no longer want to make decisions for yourself.
While Virginia does not technically require you to get your POA docHubd, notarization is very strongly recommended. Under Virginia law, when you sign your POA in the presence of a notary public, your signature is presumed to be genuinemeaning your POA is more ironclad.
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People also ask

Durable means for a determinable period with a reasonable certainty that the use, possession, or claim with respect to the property or improvements will continue for that period.
No, a PoA is not mandatory to open a demat account. But it can be beneficial to have one. Investing in the stock market involves two things buying and selling. While you can buy shares without a PoA, you cannot always sell a share without a PoA.
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
A West Virginia durable statutory power of attorney form is created for the purpose of choosing a person to act as an agent and handle the financial affairs of someone else (principal). The term durable means the designation can last for the lifetime of the principal unless revoked.
Notarization Requirement West Virginia requires you to sign your POA and get it docHubd (certified by a notary public).

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