It is hard to know for sure what will happen tomorrow, but it is undoubtedly a smart move to prepare a proxy in advance. Irrespective of the circumstances, your power of attorney goals will differ from those of your neighbor. For this reason, there are several Hawaii power of attorney forms. Take a look at some of them, which are frequently used by the local residents:
General Power of Attorney
One of the most common proxy forms is a general one. This legal instrument lets the agent deal with your finances in your name. At the same time, should you (the grantor) develop a disability or pass away, this POA will diminish.
Durable Power of Attorney
The next power of attorney type represents an “extended version” of the previous one since it expands the authority guaranteed by a general proxy. The term “durable” implies that the legality of such a Hawaii power of attorney form continues even in the event of the donor’s becoming incapacitated.
Medical Power of Attorney
This proxy form is often referred to as the “advanced directive,” It grants the appointed representative the right to make critical decisions about your well-being, such as medication, treatment, and other health services. That is when a person is no longer able to make tough calls themselves, due to a fatal illness, old age, or incapacity, they can allocate a reliable friend or relative to take your matters into their own hands. This juridical document must be completed according to the §327E-3 Advance health-care directives.
Limited Power of Attorney
A limited POA, also known as a special proxy, defines restrictions of the attorney-in-fact’s power. In the overwhelming majority of cases, a power of attorney aims to allocate someone else to handle your financial and business affairs, and them only. However, it is up to the principal what opportunities to grant to their selected agent. Upon the demise of the donor, a limited proxy terminates.
Minor Child Power of Attorney
If a Hawaiian citizen has underage kids, but they suddenly need to leave the state or the country for a particular period, they should use the following proxy form. It allows the grantor (the parent) to assign a temporary custodian for their minors. Such a power of attorney especially comes in handy in case of unexpected medical emergencies regarding your kids.
Real Estate Power of Attorney
As the name implies, a real estate POA is used to let your legal representative acquire, sell, and manage the estate in your name.
Vehicle Power of Attorney
This one is similar to a real estate proxy. Still, it is designed to grant the private attorney the authority to operate with the documentation (ownership, registration, etc.) concerning the principal’s vehicle(s).
Revocation of Power of Attorney
Any form of the Hawaii power of attorney can be canceled upon the decision of its creator. Thus, they can resort to a revocation form to annul the agreement between the agent and the grantor. It is also essential to inform all previous agreement participants (witnesses, attending physician, and others) being terminated.
State Tax Power of Attorney
A state tax power of attorney in Hawaii (or the Form N-848) presents the assigned private attorney (in most cases – a qualified accountant) with the power to manage all tax preparation and payment matters on behalf of the donor.