• Durable Limited Power of Attorney Kit Back Cover
  • Durable Limited Power of Attorney Kit Back Cover

Durable Limited Power of Attorney Kit

A durable limited power of attorney is a legal document which allows you to appoint someone you trust to make specific financial, legal and other business decisions on your behalf. Unlike normal powers of attorney, which automatically come to an end if you become incapacitated, a durable power continues to apply (or start to apply) during any period of incapacity.

This Durable Limited Power of Attorney Kit contains all the information and ready-to-use lawyer prepared legal forms necessary to create a durable limited power of attorney to cover almost any conceivable situation.

  • Prepare a durable limited power of attorney in minutes.
  • Appoint someone to manage your affairs during incapacity.
  • Protect your assets and family.
  • Step-by-step instructions.
  • Lawyer approved.

Description

A durable limited power of attorney for finance and property is a legal document by which you can appoint another person (usually a trusted friend, family member, colleague or adviser) to make specific business or legal decisions on your behalf.

Durable limited powers of attorney are, as the name suggests, limited in scope. They allow your agent to act as your authorized legal representative only in relation to the specific matters you specify in your power of attorney document. These matters may relate to real estate, bonds, share trading, commodity trading, operating a business, instituting of defending litigation, banking, insurance and virtually any other matter. The authority can be as precise and narrow as you wish.

Unlike ordinary powers of attorney which automatically terminate when you become incapacitated and unable to make decisions for yourself, durable powers of attorney are not affected by your incapacity. In fact, many durable limited powers of attorney only grant authority to agents when the principal (the person making the power of attorney) becomes incapacitated.

Without a valid durable limited power of attorney for finance and property, your family (even your spouse), business partners and co-owners in real estate developments may be legally helpless to deal with certain aspects of your business, property and financial affairs. If this happens, they may need to make an application to the court to have a ‘guardian’ appointed with authority to manage your financial affairs.

The court is free to appoint whomever it wishes as your legal guardian. This could either be a family member or a professional such as a lawyer (which you or your estate will have to pay for). Where a professional guardian is nominated by the court, he will not be obliged to take your wishes or those of your family or business associates into account when dealing with your affairs. In fact, he will have freedom to deal with your assets (including the freedom to sell any assets he sees fit) to discharge medical and other bills owing by you.

The best way to protect yourself and your family and assets is by having a durable limited power of attorney and appointing someone you trust to manage your affairs (in the manner you stipulate) if you become incapacitated.

Our Durable Limited Power of Attorney Kit contains all the information and ready-to-use lawyer prepared legal forms necessary to create a durable limited power of attorney to cover almost any conceivable situation. It also contains all the documents and forms necessary to revoke your power of attorney. Simply follow the instructions and you can have your durable limited power of attorney for finance and property prepared in a matter of minutes – quickly and easily.

Table of Contents

Important Note

About EstateBee

Using Self-Help Kits

What is a Power of Attorney?

Types of Powers of Attorney

Capacity to Make a Power of Attorney

What Does Being “Incapable” or “Incapacitated" Mean?

Should I Make a Power of Attorney?

What Happens Without a Power of Attorney?

What if You Think You Don’t Need a Power of Attorney?

The Relationship Between Principal and Agent

Who Can Be an Agent?

Joint or Joint and Independent Agents

Alternate Agents

Scope of an Agent’s Powers

Duties and Responsibilities of an Agent

Choosing an Agent

What Laws Govern My Power of Attorney?

Witness to a Power of Attorney

Commencement of a Power of Attorney

Filing or Recording a Power of Attorney

Revocation of a Power of Attorney

Important Points & Recommendation

Appendix 1 - Signing Instructions

Instructions for Completing the Durable General Power of Attorney

Instructions for Completing the Agent’s Acceptance of Appointment

Instructions for Completing the Notice of Revocation of a Power of Attorney

Appendix 2- Durable Limited Power of Attorney for Finance and Property Form

Appendix 3 - Agent’s Acceptance of Appointment

Appendix 4 - Notice of Revocation of a Power of Attorney

Forms

The following forms are included with this kit:-

- Durable Limited Power of Attorney Form
- Notice of Revocation of a Power of Attorney

Why Choose Estatebee

We’re proud to have helped thousands of people make online wills, trusts and powers of attorney over the past 20 years.

  • Save Money – Our service is simpler and cheaper than using a lawyer.
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  • Compliant with US Laws – You will be using tried and tested legal documents specifically tailored to comply with the laws of each state in the United States (except Louisiana).
  • Advanced Features – Your documents will contain advanced lawyer-approved provisions not usually found in standard run-of-the-mill documents you find online.
  • 20 Years in Business – EstateBee was one of the first businesses to start selling estate planning documents online back in 2000.
  • Trusted by Thousands – We have helped thousands of people to make wills, trusts, and powers of attorney over the past 20 years.
  • Bank Level Security – Your information is encrypted and secured safely using the same encryption technology used by banks.

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