A Durable Power of Attorney Form is an official form that allows an individual or principal to select an agent who can make financial decisions even if the principal is unable to do so independently due to health problems or other problems. A form of this type is created so that the principal is sure that their interests are taken into account even if the principal loses their legal capacity. It should be noted that this form does not give the agent the right to make decisions regarding the health and treatment of the principal. To appoint a health care agent, you need to fill out another form that will empower the health care agent to make decisions about your health care if you find yourself in a situation in which you cannot make decisions. A Durable Power of Attorney Form requires the form to be notarized after signing the form.
As an agent, choose a person who fully trusts their financial affairs because the agent will make decisions on behalf of the principal. The agent will also have access to all of the principal’s financial documents, bank account, and finance in general. The creation of a durable power of attorney form is recommended for all adult citizens, regardless of health status.
Tennessee power of attorney forms – this section will let you learn more about some other powers of attorney you can use in Tennessee.
The rules, laws, and requirements for completing the A Durable Power of Attorney Form vary from state to state. That is why anyone planning to create an A Durable Power of Attorney Form should carefully read the A Durable Power of Attorney Form rules to make the A Durable Power of Attorney Form valid in Tennessee.
Important terms used in A Durable Power of Attorney Form:
The original form must be kept by the agent in an easily accessible but safe place.
After signing, the form must be notarized for the form to take effect.
If you are already familiar with all the necessary aspects of creating an A Durable Power of Attorney Form and are ready to start filling out a form, we recommend that you familiarize yourself with the detailed step-by-step instructions below. Avoid possible mistakes and shortcomings.
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In the first section of the form, you need to enter the principal’s details and then enter the details of the agent chosen by the principal. After you enter the principal’s full legal name in the “Principal’s name” column, you need to specify the agent’s data. First, enter the agent’s full legal name and then enter the contact information (phone number, residential address, and email). Optionally, you can provide the name and contact information of the second agent in case your agent cannot make decisions for you.
In this section of the form, you need to determine the date from which the agent will be eligible to use their authority. If you want the agent to have the right to use their powers from the moment of signing the document, you need to indicate this in this section. If you want the agent to have the right to use their powers only if you are found incapacitated, you must also indicate this in this section.
In this section of the form, the principal must approve all rights and assigned them to the agent. The principal must put his initials in front of each item with which he agrees. There are 12 of them in total. If the principal wants to give any comments to the delegated powers, the column “special instructions” can be added in the same section. If the Initials of the principal are not matched against any statement from this list, the agent will not be able to use the authority described in this statement.
If you agree with all the points and sections of this form, you need to sign your name and then enter your full legal name, address, contact phone number, and email.
The agent and witness must also fill in their full legal name and contact information and put the signature.
After you, the agent, and the witness sign the form, you need to notarize the form for it to be valid throughout the state. For this, you need to submit the form to the notary, who will fill in all the required fields and put the state seal. After that, the original copy of the form should be kept by the agent in a safe but easily accessible place.