For each person, the demands of POA will vary. Luckily, there is plenty of California power of attorney forms a local citizen can utilize. These are several most common of them:
Durable Power of Attorney
This type of power of attorney is applied to endow the private attorney with authority to act in the name of the principal in indicated cases. Such a POA is called “durable,” as its legality doesn’t end with its author’s death or incapacitation.
Special Power of Attorney
The following kind of proxy presents the selected attorney-in-fact with the power to make crucial decisions in the principal’s name in particular circumstances. Nonetheless, such circumstances are often limited to specific situations, which must be clearly indicated in the California power of attorney for it to become effective. For instance, the private attorney can be provided with access to the POA’s author banking accounts so that they could foot the bills and pay expenses. Yet, the agent might not be allowed to sell any personal belongings and/or material assets of the grantor. When the owner of the proxy dies, the document becomes null and void.
Limited Power of Attorney
A limited proxy is often regarded as the same legal instrument as a special POA since their purposes are relatively similar. Comparable with a special proxy, a limited power of attorney mentions all limitations concerning the authority given to the principal’s representative. For the most part, the allocated private attorney has the right to dispose of the grantor’s finances and make vital healthcare calls, but that’s where their power ends. Thus, they likely won’t be allowed to sell real estate and other POA author’s possessions. And once the principal passes away, this legal paper loses its power.
Medical Power of Attorney
A healthcare proxy, which is somewhat akin to an advanced directive, gives the agent the possibility to take health- and treatment-related decisions in the principal’s name. A healthcare power of attorney is widely used by those who suffer from a fatal illness, senile dementia, or work in high-risk environments (police officers, lifeguards, etc.).
Parental Power of Attorney
The next kind of proxy lets a parent appoint a temporary custodian for their underage kid(s), endowing them with decision-making rights regarding the well-being of their children. Sometimes, a child’s primary caregiver needs to be absent for a certain period, while in other cases, a kid might be going abroad with a responsible adult. In both situations, parental POA will come in handy.
State Tax Power of Attorney
A state tax power of attorney in California, also known as the declaration form FTB 3520, is aimed to grant the right to a trusted individual to obtain and operate with personal tax information. This type of proxy in the “Golden State” also entitles a selected delegee to represent your interests with the Internal Revenue Service and the local State Tax Department.