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It is a legally binding document that allows an agent that you choose to make decisions for you and in your place. Unlike a basic power of attorney, which is not effective if you are incapacitated, a durable power of attorney contains special language making it effective even if you become incapacitated.
3-9-301. 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.
For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances. An attorney can customize a general POA to limit powers even moreor add powers, Berkley says.
What Are the Legal Requirements of a Financial POA in Wyoming? Mental Capacity for Creating a POA. Notarization Requirement. Create the POA Using a Statutory Form, Software, or Attorney. Sign the POA in the Presence of a Notary Public. Store the Original POA in a Safe Place. Give a Copy to Your Agent or Attorney-in-Fact.
However, a general power of attorney only operates while you are still coherent and mentally capable. It automatically expires upon incapacity or death. A durable power of attorney remains operational upon incapacity, although it expires upon death.
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3-9-301. 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 Wyoming durable statutory power of attorney form lets a person (principal) choose anyone to represent their best interest while handling financial affairs on their behalf. The form allows the selected person (agent) to facilitate any financial-related action on behalf of the principal.
Sign the POA in the Presence of a Notary Public As mentioned above, in Wyoming, you should have your POA docHubd.

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