State Tax Filing Power of Attorney – Used to elect a tax preparer to handle a filing on behalf of an individual or entity. Revocation of Power of Attorney – To cancel a current power of attorney arrangement. Real Estate Power of Attorney – For a buyer or seller of a property that would like to hand over their rights in relation to handling the negotiation and transaction at closing. Valid for a temporary period of time, usually between six (6) months to one (1) year, which is dependent on the State’s laws. Minor Child Power of Attorney – Allows a parent to give the full responsibility of their son or daughter to someone else (except for adoption rights). Medical (Health Care) Power of Attorney – Used by an individual to select someone to handle their health care decisions in the chance they are not able to do so on their own. Limited Power of Attorney – Permits a person to carry out a specific activity on the principal’s behalf either as a one (1) time occurrence or for a specific period of time. 2015, allows an individual or business entity to elect a party, usually an accountant or tax attorney, to file federal taxes on their behalf. IRS Power of Attorney (Form 2848) – Revised in Dec. General (Non-Durable) Power of Attorney – Grants the same financial powers listed in the durable form except that it does not remain in effect if the principal becomes incapacitated or mentally disabled. By StateĪdvance Directive – Used for health care planning and combines a medical power of attorney and a living will.ĭownload: Adobe PDF, MS Word, OpenDocumentĭurable (Financial) Power of Attorney – The most common type of power of attorney, allows a person to grant someone else the unrestricted ability to handle financial transactions on behalf of the principal. Signing Requirements – Must be signed under state law with either two (2) witnesses, notarized, or both.
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