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Download general power of attorney form in Microsoft Word format. For official document, please consult to your attorney first.
Getting Help From A Sample General Power Of Attorney
A sample general power of attorney is the best way to acquaint yourself with the legal complexities of appointing an agent. A GPA vests immense power in the hands of the agent and you the principal must know how it can impact your future. Finding a trust worthy agent is the first step to executing a general power of attorney.
There are several websites that provide a sample general power of attorney for your perusal and/or use. These samples are often constructed to provide a general guidance to people who wish to go through a learning cycle before actually executing the document. Individual facts can vary between person to person and must be addressed through appropriate inclusion or deletion when the general power of attorney is drawn up. For instance, one person may want his agent to deal with all matters relating to his real estate, while in another instance, the agent can be barred from dealing with real estate in all its dimensions.
A general power of attorney is a very powerful document and the sample general power of attorney is best used by people with little or no legal knowledge of the legal style of writing. In most instances, a general power of attorney deals with significant level of assets and/or important business decisions. With competent legal advice you can rest assured that the document executed by you does serve the intended purpose and there are no omissions or commissions in constructing the document itself.
The principal has the ability to limit the validity of the general power of attorney to a specific date. Beyond this date, the GPA becomes void and it is not essential that a revocation is issued in writing. Similarly, the principal can also restrict the powers under the GPA to certain acts alone and forbid the agent from certain deeds or asset classes.
Importantly, the financial accounts of the principal should be separate from that of the agent. In other words, the agent should not be given access to the principal’s financial accounts at any point in time. This way, it is easier to prevent any potential misuse of moneys by the agent. Similarly, the agent must always be accountable to the principal and a system of regular reporting can be included in the general power of attorney. r reporting can be included in the general power of attorney even if the sample general power of attorney you are referring to does not mention this.
The attorney/agent appointed by you, does not come under any governing body. Therefore, it is essential that you institute your own system of monitoring the activities of the agent and ensure that regular reports and accounting statements are sent to you by your agent. This way, you will have better control against any possible abuse of power by the agent.
Once you have drawn up the general power of attorney using the sample general power of attorney getting appropriate legal counsel to ensure that the document is constructed without any glitches will ensure that you do not face difficulties during the currency of the document.