Durable Power Of Attorney Alabama Pdf

Alabama durable financial power of attorney form is a statutory document that allows an individual to act in their place for broad or specific financial powers.

Durable power of attorney alabama pdf.

Liability of agent the meaning of the authority granted to you is defined in the alabama uniform power of attorney act chapter 1a title 26 code of alabama 1975. It is the most common type of power of attorney designation due to its practicality of allowing someone else to handle tax matters and everyday banking for another person. The one thing about the durable form that separates it from the rest is that it remains legal in the event the person being represented can no longer think. The principal is responsible for all actions taken by the selected agent to whom with the durable form will have the right to all monetary related access to the principal s.

Alabama power of attorney is a document that is used for individuals who would like to designate someone else an agent to handle decisions on their behalf for a durable general or limited use this form is most commonly used by a person who would like to have an agent represent them if they are not able to for health reasons not being able to appear at a specified location or when. A durable power of attorney is for any person that appoints someone else to handle financial matters on their behalf before and after they should become incapacitated. Free printable durable financial power of attorney forms. The alabama power of attorney forms must follow the alabama uniform power of attorney act which provides the right for individuals to select someone else to act in their place for financial or health care causes.

Instructions in this power of attorney state that such an action will not terminate your authority. The meaning of the authority granted to you is defined in the alabama uniform power of attorney act chapter 1a title 26 code of alabama 1975. A durable power of attorney allows you to handle another person s financial decisions on their behalf all decisions made must be to the benefit of the person being represented. Download pdf the alabama general power of attorney form allows a resident to handle another person s monetary affairs only while the person that is being represented is conscious in a decent state of mind and not suffering from any type of mental instability such as having signs of dementia.

The form has the durable use that remains in effect even if the principal is no longer able to make decisions for themselves due to mental instability. Download pdf the alabama durable power of attorney form allows a person to choose someone else that will have the capability to act in their place for financial decision making.