True," the Vermont Power of Attorney. In this video, we will explain what types of power of attorneys there are and what you need to know when creating one in Vermont. What is a power of attorney? A power of attorney is a document that allows you to legally appoint someone else to make specific decisions on your behalf if you need help or lose the ability to make decisions. It might also be handy when you need someone to handle your financial or other matters for a short period, for example, during your vacation or hospital stay. Someone who's giving authority is called a principal, while the person receiving the authority is usually called an agent or an attorney in fact, but some of the less common names also include representative, proxy, and surrogate. What types of power of attorney can you create? By duration, a durable power of attorney, which is used if you need a poa that will remain in effect even if you become incapacitated. In many states, the durability of power of attorney is presumed, which means the document is considered durable unless otherwise provided. A general power of attorney, this is used if you need a power of attorney that will expire if you become incapacitated by a certain date or once specific actions have been completed. It is usually used to lawfully deal with various financial matters on the principal's behalf. By the scope of powers granted to an agent, a limited power of attorney, this is used if you want to grant limited rights to a trusted person. Such a document can be used to let someone else take care of your routine related to personal business and financial matters. A general power of attorney, this is used if you want to...
Award-winning PDF software
Video instructions and help with filling out and completing Dd 1750
