User:Powerofattorneyform

There are four major types of power of attorney

DURABLE POWER OF ATTORNEY The Most Common type of Power of Attorney Form. The Durable Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for "all powers permitted by law". Durable Power of Attorney is VALID if Principal becomes incapacitated. DURABLE POWER OF ATTORNEY FORM EXAMPLES: File Tax Return Buy/Sell Real Estate Business Decisions Life Insurance Decisions Bank Transactions Real Estate Transactions GENERAL POWER OF ATTORNEY FORM The General Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for "all powers permitted by law". General Power of Attorney is VOID if Principal becomes incapacitated. GENERAL POWER OF ATTORNEY FORM EXAMPLES: File Tax Return Buy/Sell Real Estate Business Decisions Life Insurance Decisions Bank Transactions Real Estate Transactions LIMITED POWER OF ATTORNEY FORM The Limited Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for a specific matter. Limited Power of Attorney is VOID if Principal becomes incapacitated. LIMITED POWER OF ATTORNEY FORM EXAMPLES: File Tax Return Buy/Sell Real Estate Business Decisions Life Insurance Decisions Bank Transactions Real Estate Transaction

MEDICAL POWER OF ATTORNEY FORM The Medical Power of Attorney form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for medical purposes. Lets you choose a trusted person to set out the wishes for health care in the event of an illness where you cannot speak for yourself. MEDICAL POWER OF ATTORNEY FORM EXAMPLES: Medical Treatment Decisions Medical Facility Decisions Terminating Medical Treatment

There are 4 major ways to cancel power of attorney, although we only recommend 3 of them considering the fourth way could be problematic.

1. Authorizing a Power of Attorney Form Revocation - This is a standard Power of Attorney Form revocation that is accepted in all 50 states. Simply fill-in-the-blanks and your previous power of attorney is cancelled.

2. Authorizing a new Power of Attorney Form - This is another common way, but this usually happens because the principal wants to change the agent or attorney-in-fact.

3. Destroying the Power of Attorney Form - If you have the original and all the copies, then you can just throw it away.

4. Death - This is not the most popular way, but it is a way to cancel a power of attorney form.