Since the future is uncertain, it is essential to prepare for tragic accidents or illnesses that may attack at any time. Each situation you encounter will require a specific power of attorney. Thus, it is imperative to understand the different Pennsylvania power of attorney forms. Check out the forms below and the situations you can generate the document:
General POA
You can appoint an agent to manage all your financial affairs when you cannot conduct your businesses using a general power of attorney. However, the powers become invalid upon the grantor’s death or incapacitation.
Durable POA
This type of document gives a grantor the authority to issue powers to an agent to execute financial matters. It is similar to the general power of attorney form, only that it has more powers. As the name suggests, the durable form is still valid after the grantor suffers incapacitation or disability.
Limited POA
This document allows a grantor to issue authority to an individual to conduct specific assignments. The agent has limited powers as per the document. For instance, the attorney-in-fact can manage financial matters or health care issues but not carry out any transactions. It is also referred to as a special POA.
Minor Child POA
When a parent has to travel overseas for an extended period and has a child, a minor child power of attorney form is appropriate. The agent serves as a temporary guardian and makes all the crucial decisions for the child’s welfare.
Medical POA
When you suddenly fall ill and can’t make rational decisions about your health, you can create a medical power of attorney and assign a trusted individual to take up the responsibility. For instance, if the principal has dementia and can’t consent to particular drugs or treatment, the agent makes all the decisions.
Revocation POA
Sometimes the grantor can decide to cancel a power of attorney agreement due to various reasons. The revocation form ends the contract between the principal and the agent. However, the principal must append his/her signature while in good mental health.
Vehicle PO
You can allow your agent to carry out motor vehicle transactions through this form. Handling all the paperwork from the Motor Vehicle Department of Pennsylvania on your behalf as the grantor.
Tax POA
This form permits a principal to assign the authority to a professional to prepare and file taxes on the grantor’s behalf. The agent must also liaise with the Revenue Department of Pennsylvania.