What do I need to do to make sure that I draft a power of attorney correctly?

Lexi, Chatbot

I understand the importance of having your document reviewed before notarization. Have you already filled out the document yourself?

Lexi, Chatbot

Is this document related to a specific legal matter, such as a contract, will, or power of attorney?

Lexi, Chatbot

Is there anything else the Lawyer should know before I connect you? Rest assured they'll be able to help with your power of attorney.

TJ, Esq.

Hello! My name is TJ and I’m an attorney. Thanks so much for the opportunity to assist you!

TJ, Esq.

I’m happy to review your documents! If it’s 3 pages or fewer, there is no additional fee. However, please note that if the document is more than 3 pages, there is an additional cost of $10 per page because of the time and effort required for a thorough analysis of multiple pages. Please specify the page count here, and if it’s more than 3 pages then you’ll get a price quote through the website. Thank you!

TJ, Esq.

While you get back to me, I'll provide some general information:

TJ, Esq.

When filling out a power of attorney document, it's important to make sure all required sections are filled in clearly, including the name of the person being given authority, the specific powers being granted, and the duration of the power of attorney (whether it's durable or temporary). Double-check that the principal (the person giving the authority) has signed and dated the document in front of the notary, as well as the witnesses if required.

If you're naming more than one agent, ensure it's clear how they should act (individually or jointly). If you haven't already, make sure the notary is aware that this is a power of attorney document, so they can properly acknowledge it.

TJ, Esq.

QUESTION FOR YOU: In order to give you a more thorough answer, do you need the power of attorney to be effective immediately, or only in certain circumstances (such as incapacity)? Also, are you naming more than one agent, and if so, how do you want them to act together?

TJ, Esq.

Hello again! Go ahead and upload it. Thanks!

TJ, Esq.

Thank you for getting back to me. Based on what you’ve provided, it looks like you’ve already covered the key aspects of a durable financial power of attorney (POA). You correctly noted that the powers granted by the document are broad, and the agent (you, in this case) will have the authority to make financial decisions on behalf of the principal. One thing to double-check is whether the document clearly reflects the correct powers you’ve granted by initialing the appropriate lines and leaving the others blank, as indicated in the instructions. Also, if the agent is to be compensated, make sure you’ve specified that properly—if you’re not compensating yourself, that’s good to note explicitly.

Additionally, it’s critical that you make sure the special instructions section is filled out correctly, especially with regard to any limitations on your powers or the ability to make gifts. The document also seems to properly outline the conditions under which it takes effect, so just ensure that the selected option is clear (in this case, it appears you want it to take effect immediately). Finally, it looks like you’ve addressed the contingency in case the primary agent becomes unable to act. Keep in mind that the document should be signed and notarized properly, as this is essential for it to be valid and enforceable.

TJ, Esq.

I hope this overview was helpful, but let me know if you need clarification on any part of it.

TJ, Esq.

You're very welcome! I'm happy I could help!