The Principal may have the Attorney-in-Fact make “Health Care” decisions in his or her name by initialing the twelfth statement. The Attorney-in-Fact will gain the Principal Power to handle “Contracts” on behalf of the Principal by initialing the blank space prior to the label “11. If the Principal has determined the Agent should have Principal “Lending And Borrowing” Powers, then he or she should initial the blank line corresponding to the tenth statement. The Principal can appoint his or her “Gift Making Powers” to the Attorney-in-Fact once he or she initials the statement labeled “9. If the Principal intends the Attorney-in-Fact to have Principal Access and exert Principal Authority regarding his or her “Safe-Deposit Boxes,” he or she will need to initial the eighth statement. The Power to represent the Principal using Principal “Tax Powers” can be appointed to the Agent when the Principal initials the blank space corresponding to the seventh statement. The Principal Authority to make decisions and take actions regarding the “Motor Vehicles” in the Principal’s Name will be granted to the Agent or Attorney-in-Fact by initialing Statement 6. The Principal’s “Banking Powers” will be designated to the Attorney-in-Fact when he or she initials the blank space preceding the statement “5. The Principal’s “Management Powers” can be assigned to the Attorney-in-Fact through the Principal Act of initialing the fourth statement. The Attorney-in-Fact will have the Principal “Power To Acquire, Lease And Sell Real Property” with Principal Authority one the Principal initials the blank space preceding the third statement. The Principal “Power To Acquire, Lease And Sell Personal Property” will be conferred to the Attorney-in-Fact if the Principal initials Statement 2. The Principal may give the Attorney-in-Fact The Principal “Power To Make Payments Or Collect Monies Owed” in his or her Name by initialing the first statement, on the blank space preceding the number “1.” Only the Principal Act of initialing will grant the Principal Power in a statement to the Attorney-in-Fact. Once he or she has decided upon the General Authorities to be granted, the Principal will need to initial the blank space preceding each Authority Statement that should be granted to the Attorney-in-Fact. He or she will need to review and discuss the different types of Principal Authority presented in the list in this section. That is, what does the Attorney-in-Fact named have the Principal Authority to do in the name of the Principal? In Article I, the Principal will answer this question. The first official task for the Principal designating his or her Authority to an Attorney-in-Fact is to name the Powers being granted. Lastly, document the Street Address and the State where the Attorney-in-Fact lives on the fifth and sixth blank spaces (respectively).Ģ – The Principal Will Choose Which Powers To Designate The Agent Make sure to record the Attorney-in-Fact’s Legal Name on the fourth blank space in this statement. The Name and Address of the Agent or Attorney-in-Fact are the next items this statement requires. This should be followed by presenting all the components of the Principal’s Address beginning with the Principal’s Building Number, Street Name, Apartment Number, and City on the second blank space as well as the State where this Address is found on the third blank space. The Principal’s Name must also be supplied on the first blank line in the first statement. The Principal is the individual who wishes to grant the Agent General Principal Authority in one or more of his or her affairs. The Title at the top of the first page will require the Principal’s Full Name recorded on the blank space provided. Law § 5-1501B) – Two (2) Witnesses and Notary Public.ġ – The Title And Declaration Statement Requires Specific Information
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