Here are the types of Rhode Island power of attorney forms:
General POA
This document permits a principal to assign powers to an individual to manage all financial issues. However, the agreement becomes void after the grantor dies or becomes mentally incapable of making critical decisions.
Durable POA
This type of form is similar to a general power of attorney but with additional powers. ‘Durable’ means that the power an agent holds over the grantor’s financial affairs continues its validity even after incapacitation or disability.
Limited POA
When a grantor needs to assign specific powers to an agent, he/she can use this form. It limits the powers depending on the grantor’s wishes and legal needs. It is also called a special power of attorney and becomes invalid upon the grantor’s death.
Health Care POA
In this form, the agent has the power to make crucial decisions about the grantor’s health in case of incapacitation. The agent can give consent for treatments or medication to be used. It is also referred to as an advance directive power of attorney.
Guardian of Minor POA
In this document, parents can assign legal rights over their child to a trusted agent for various reasons. The agent can make critical decisions regarding a health or school emergency. It is usually a temporary arrangement for an extended period when the parent is away from the child.
Revocation of POA
When a grantor wants to annul a power of attorney agreement, a revocation form will serve the purpose. It is used to end the relationship between the agent and the principal. The only requirement is for the grantor to sign the document while in a healthy mental state for validity.
Real Estate POA
If you cannot manage your real estate business, you can assign the mandate to an agent to conduct all the real estate transactions. For instance, buying, selling, or leasing any property on your behalf as long as he/she operates within the law.
Vehicle POA
When you want to purchase or sell a motor vehicle, you can choose an agent to conduct vehicle transactions. For instance, buying and selling while filling in all the paperwork while communicating with the Motor Vehicle Department in Rhode Island.
Tax POA
If you want to file your taxes but are incapable due to injury or ill health, you can appoint an accountant as your agent to handle all your taxation responsibilities. The document is also called Form RI-2848, which the agent has to fill and submit to the Revenue Department.