Can you see why everyone needs an Indiana POA form? You can use it to create any of the following types of power of attorney, as discussed below.
General POA
This form of power of attorney bestows authority upon a person to act on their principal’s behalf. They can transact for them in financial matters. However, their tenure ends when their donor dies or becomes disabled.
Durable POA
This power of attorney type is an extended edition of the general one. It has greater boundaries and allows the agent to continue with their stewardship even after their donor dies or becomes incapacitated.
Limited POA
This particular kind of POA gives limited authority to an agent to perform specific duties. An agent can handle medical matters and make decisions in that area alone. In this case, they can’t handle their principal’s financial matters. This power of attorney expires when the donor dies.
Health Care POA
This form of POA authorizes agents to make critical decisions regarding their principal’s health. They make such decisions when their principals can’t make them due to mental conditions like dementia. During such conditions, they can’t make sound decisions regarding emergency medical procedures like surgery.
Minor Child POA
Parents can donate some of their authority to make decisions for their underage kids to trusted relations. They do this when they are supposed to travel overseas for a long time. Thus, they allow their agents to make all emergency decisions affecting their children’s lives and health. For example, the agent can grant permission for the child to undergo specific treatment, such as major surgery.
Real Estate POA
This type of power of attorney can either be durable or general. It gives agents the power to manage, dispose of, or purchase property on their behalf.
Vehicle POA
Under this arrangement, a principal donates their authority to an agent to buy or sell vehicles in Indiana on their behalf. They can also handle all necessary paperwork related to the vehicle, like registration.
State Tax Power of Attorney
Principals can initiate this form of power of attorney in Indiana using Form 49357. It lets qualified agents and accountants execute all of their taxation duties. The latter can prepare and submit taxes on their principal’s behalf.