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What is a durable power of attorney in Kentucky?

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.

Do guardians get paid in KY?

Compensation payable to guardians or conservators shall not exceed five percent (5%) of the income of the ward during any year, but in no event shall the amount of such compensation be less than fifty dollars ($50) for each year.

What does power of attorney mean in Kentucky?

A power of attorney (POA) is a document that allows you to appoint a person or organization to manage your affairs if you become unable to do so.

How do I file for legal guardianship in Kentucky?

The person asking for guardianship or conservatorship must first complete a Petition to Determine if disabled form and file it with the court. The form is available from the local District Court. The form can also be found online at: http://courts.ky.gov/resources/legalforms/LegalForms/740.pdf.

Does a power of attorney have to be notarized in Kentucky?

As of July 14, 2018, the requirements for the execution of Powers of Attorneys in Kentucky have changed. Now all POAs will require two witnesses and a notary. This means the person giving the power (principal) will need to have two disinterested parties sign stating the person is over 18, of sound mind and free will.

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How much does it cost to file for guardianship in Kentucky?

The total costs, including the interdisciplinary team fees, usually range from $500 to $1500. The fees will either be paid by county funds or from the ward's funds depending on the estate of the ward.

Does Kentucky issue letters of guardianship?

In Kentucky, guardianship forms a legal relationship between a court-appointed adult and a ward. Medical evidence must establish that the ward is unable to care for his or her personal or financial needs and is legally disabled.

How do you get power of attorney over someone in Kentucky?

Kentucky POA Requirements The Kentucky POA document must list the: full contact information and signature of the principal. name and contact information of the agent(s) date the agreement is made. powers granted. when the powers begin and end. A notary public must be present and acknowledge the principal's signature.

Does a power of attorney need to be notarized in Kentucky?

As of July 14, 2018, the requirements for the execution of Powers of Attorneys in Kentucky have changed. Now all POAs will require two witnesses and a notary. This means the person giving the power (principal) will need to have two disinterested parties sign stating the person is over 18, of sound mind and free will.

What does durable mean on a POA?

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.

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What is a durable power of attorney in Kentucky?

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How much does it cost to file for guardianship in Kentucky?

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