Durable Power Of Attorney For Finance Essay

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After drafting your Durable Power of Attorney for Finances, there are final steps to completing the document. Accordingly, these final steps include the following: 1) Validate the document. 2) Decide what to do with the document. Although both steps are fairly simple to complete, state law determines how to complete each step. Additionally, as mentioned in the article Additional Considerations for Your Durable Power of Attorney for Finances, deciding what to do with the document depends on the type of document you chose to complete. Regardless, after completing the final steps, you will have an effective Durable Power of Attorney for Finances. Final Steps: Validating the Document Of the two final steps, validating your Durable Power …show more content…

2) A notary commissioned by your state must notarize the document. Even if your state doesn’t require a notarized Durable Power of Attorney for Finances, you should still have it notarized. Unfortunately, many institutions refuse to recognize a Durable Power of Attorney for Finances lacking a valid notary stamp. For that reason, it’s typical to have your Power of Attorney for Finances notarized regardless of state law. Final Steps: What to do with the Document After validating your Durable Power of Attorney for Finances, you must decide what to do with the document. Fortunately, the decision is straightforward and depends upon the type of document you chose to complete. If you drafted your Durable Power of Attorney for Finances to be effective immediately, you have the following options: 1) Provide the original document to your agent. 2) Optionally, you can distribute copies to the people and institutions that your agent will have to deal with. Having the document on file will prevent hassles for your agent. Conversely, if you drafted a Springing Durable Power of Attorney for Finances, do the following: 1) Keep the original document to

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