First of all, let’s review what a Power of Attorney is: a tool that gives legal authority to another person (called the Agent or Attorney-in-Fact) to make property, financial, and other legal decisions for the Principal (the person who signs the Power of Attorney). The Power of Attorney is useful for when you go on long trips (such as an extended deployment if you are in the military) or if you know you will have a long hospital stay. A Durable Power of Attorney means it will remain … [Read more...] about Don’t Ignore Your Power of Attorney
In the legal field powers of attorney are utilized for various different purposes. A power of attorney in Oklahoma is used to name someone who will be legally empowered to act in your behalf in a legally binding manner. The person executing the power of attorney is referred to as the grantor or principal. The individual who is empowered to act on behalf of the principal is the agent or attorney-in-fact. There are multiple types of powers of attorney. In this post we will look at limited … [Read more...] about Power of Attorney in Oklahoma: Limited POA vs. General POA
A Power of Attorney (POA) is a legal document that grants authority to someone you choose to take action on your behalf. POAs can be used for a variety of purposes but they’re most commonly used when you need your attorney to negotiate or enter into contracts on your behalf. What makes a POA “durable” is that you intend for the authority to continue, even if you become incapacitated. The authority granted under a general POA is automatically revoked if you become mentally incapacitated or … [Read more...] about What’s the Difference Between A Power of Attorney and a Durable Power of Attorney?