A Power of Attorney form allows you to appoint another person to act on your behalf should you ever require someone to make short- or long-term decisions for you.
For more details, please take alook at these financial power of attorney form sample below!
Instances where a Power of Attorney form would be necessary may include emergency situations where you are incapacitated and cannot make medical or financial decisions on your own. A POA legally protects your financial and health-related interests that would otherwise be appointed in court.
A power of attorney (POA) is a legal document that lets you appoint someone to handle financial and legal matters on your behalf. The person authorizing the other to act on their behalf is referred to as the principal, grantor, or donor. The person authorized to act is the agent or attorney-in-fact. With a power of attorney, the person you appoint will be legally permitted to take care of important matters for you, including paying your bills and managing your investments, if you are unable to do so for yourself. A durable power of attorney (DPOA) serves the same function as a power of attorney, however, a durable power of attorney is effective even if you become incapacitated.