11/13/2023 0 Comments Durable power of attorney for financesThe Principal must review the list presented to initial every power he or she wishes to grant to the Attorney-in-Fact in Maine. Only the Principal can determine which is more appropriate then, initial the statement he or she wishes applied. The powers granted to the Attorney-in-Fact by the Principal in the State of Maine may become effective as soon as the Principal delivers his or her notarized signature (choice A) or only when a Physician has provided a written diagnosis of the Principal’s incapacity and inability to handle his or her own financial affairs in the State of Maine. Select the event that sets the Attorney-in-Fact’s principal powers as officially effective by initialing (as the issuing Maine Principal) one of the statement descriptions provided. The Attorney-in-Fact being granted the power to speak as or act as the Principal in the State of Maine must be recorded where requested. The full name, city, and state of the Principal are the first details required by the first declaration of this appointment. How to Writeĭownload: PDF, MS Word, OpenDocument Maine Principal Declaration Statutory FormĪlthough the Maine Revised Statutes do offer an Agent’s Certification Form, the legislature has not created a sample statutory power of attorney form. The agent is required to sign the Agent’s Certification in front of a notary public if and when utilized - though the use of this form is optional. The principal is required to sign with a notary public present or a person authorized to take acknowledgments. “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term “power of attorney” is used ( §5-902(7)). “Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity ( §5-902(2)). Title 18-C, Article 5, Part 9 (Uniform Power of Attorney Act) Definition of “Durable” The term “durable” refers to the form’s ability to remain legal, and in effect, if the principal should become incapacitated (common examples include Dementia, Alzheimer’s Disease, etc.). The agent is recommended to be a person that is closely trusted such as a spouse or family member. A Maine durable power of attorney is a document that allows a person (“principal”) to grant authority to someone else (“agent”) and act on their behalf for a variety of financial purposes.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |