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A general power of attorney gives your agent the ability to act on your behalf for financial matters. They can sign documents, pay bills, and conduct other financial decisions for you. You can use this even if youre not incapacitated but want additional help with your finances.
A durable power of attorney is a legal document assigning another person to take care of your affairs for you should you become incapacitated. This person, your agent, usually is enlisted to take care of your financial or healthcare matters.
Just as under the present law, a power of attorney is not required by the new law to be recorded, unless it is being use to convey, release or transfer any interest in real estate.
What might I traditionally pay to get a Power of Attorney form in Kentucky? The cost of finding and working with a traditional legal provider to write a Power of Attorney could add up to anywhere between $200 and $500.
Kentucky enacts the Uniform Power of Attorney Act (UPOAA), allowing a principal to sign a power of attorney or direct another person to sign the power of attorney in the principals conscious presence and granting an acknowledged power of attorney a presumption of genuineness.
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the attorney-in-facts authority under that power of attorney is continued, unless limited, superseded or terminated by the court or by the terms of the power of attorney or the attorney-in-fact dies, becomes incapacitated or resigns.
Under KRS 457.050, the principal must now sign in the presence of a notary public to create a valid POA. Under the prior law, a power of attorney could be executed with the principals signature in the presence of two disinterested witnesses.
Just as under the present law, a power of attorney is not required by the new law to be recorded, unless it is being use to convey, release or transfer any interest in real estate.
A POA must be signed in the presence of two disinterested witnesses. This is a change from the prior law and uniform act, which do not require any witnesses.
What might I traditionally pay to get a Power of Attorney form in Kentucky? The cost of finding and working with a traditional legal provider to write a Power of Attorney could add up to anywhere between $200 and $500.

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