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The document is an Alabama Limited Power of Attorney, granting a specific individual the authority to act on behalf of the principal for designated tasks. It outlines the powers granted, the fiduciary responsibilities of the attorney-in-fact, and stipulates that the power can be revoked at any time by the principal. The document requires signatures from both the principal and a notary public.

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What is the difference between limited and specific power of attorney?

A Limited Power of Attorney (also called a Specific or Special Power of Attorney) allows the person who has the POA, the holder, to legally act on behalf of someone else, the principal, for a specific timeframe, scope or document.

What is the most recommended type of power of attorney?

Durable Power of Attorney Theyll have control even if youre incapacitated. This POA is often recommended for long-term planning. A durable POA can give you peace of mind. Youre assured that someone will handle your affairs if youre incapacitated.

What are the 4 types of power of attorney?

In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical. Understanding these distinctions is crucial for selecting the POA that best suits your individual needs: General Power of Attorney.

What three decisions cannot be made by a legal power of attorney?

When someone makes you the agent in their power of attorney, you cannot: Write a will for them, nor can you edit their current will. Take money directly from their bank accounts. Make decisions after the person you are representing dies. Give away your role as agent in the power of attorney.

Does power of attorney give access to bank accounts?

Because a power of attorney may grant very broad power over your property, including your bank accounts, we recommend that you consult a legal advisor, estate planner or other tax professional to see whats right for your situation.

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How do I fill out a limited power of attorney form?

How to fill out a limited power of attorney form Part 1: Specify who is the principal (you) and who is the agent (who will act on your behalf). Part 2: Describe the powers you (the principal) are assigning to your agent. Part 3: Define the timescale i.e. when will the power of attorney be effective?

Does an Alabama power of attorney have to be notarized?

Alabama has an Agents Certification as to the Validity of POA and Agents Authority Form in 26-1A-302, or they may have their own. In this form, your agent must make an oath in front of a notary that the principal is still alive, and that power of attorney is effective.

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Got questions?

What is the difference between limited and specific power of attorney?

What is the most recommended type of power of attorney?

What are the 4 types of power of attorney?

What three decisions cannot be made by a legal power of attorney?

Does power of attorney give access to bank accounts?

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How do I fill out a limited power of attorney form?

Does an Alabama power of attorney have to be notarized?

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