What does the future hold? No one knows the answer to that question. However, it would be wise of you to come up with a backup plan in the form of a power of attorney. Irrespective of your situation, you probably will have a different proxy type than other residents of your state. Thankfully, there are several Delaware power of attorney forms available, and these are some of the most frequently used of them:
General Power of Attorney
This type of proxy is in high demand, as it allows the attorney-in-fact to supervise and control all money-related aspects of the grantor’s life. Hence, the agent is provided with official permission to act on your behalf. Nonetheless, if you become disabled or pass from among us, a general POA also becomes null and void.
Durable Power of Attorney
Such a Connecticut power of attorney form expands the privilege of a general proxy in that it retains its legality even if the principal develops a physical or intellectual disability.
Guardian of Minor Attorney
With this proxy, the parents forced to leave the state or country for some time, leaving their minors at home, can assign a temporary custodian for their kids. This person will have the right to make medical-related decisions regarding your dependent children.
Limited Power of Attorney
The following power of attorney form indicated restrictions concerning the privilege given to the attorney-in-fact. Most often, a proxy is used to handle financial or healthcare issues instead of the grantor. Still, it rarely allows the chosen representative to get full control over the donor’s life and belongings. It is at the grantor’s discretion what limitations to set in their agreement. Both limited and special POA cease to exist after the demise of the principal.
Medical Power of Attorney
An MPOA, widely known as an advanced directive, is a proxy granting authority to the attorney-in-fact to take essential medical decisions in the grantor’s name. Such a legal paper must be composed in strict compliance with the Delaware statutes – namely, §2503 Advance Health-Care Directives. Given the paramount importance of this juridical document, it is recommended to approach the issue of choosing a surrogate decision-maker with full responsibility.
Real Estate Power of Attorney
The following proxy form lets the private attorney carry out sales and purchase contracts concerning the principal’s real estate.
Vehicle Power of Attorney
To choose a reliable person to represent you with the Delaware Department of Motor Vehicles when you no longer can do so yourself, resort to a vehicle POA, which is frequently referred to as the Form MV386.
Power of Attorney Revocation
If the author of a power of attorney wants to revoke it, they can use the Delaware POA revocation form to end the agreement between the parties. All additional participants should also be informed about this change.
State Tax Power of Attorney
In Delaware, a tax power of attorney form (the Form 2848) helps the donor designate someone capable of performing the filling of the income tax return and deal with all related documentation. It is advised to appoint a certified accountant or experienced taxpayer for this role.