Indiana Financial Durable Power Of Attorney

The indiana durable power of attorney form is a document by which an individual principal can authorize an agent attorney in fact to act on their behalf during their lifetime and in the event that they become incapacitated or die.

Indiana financial durable power of attorney. The powers granted by this document are broad and sweeping. Power of attorney allows an individual to act as the authority for another person in specific instances. For instance you may need your spouse to act as your agent so he or she can handle things in your absence or in the event that you succumb to mental disability. By shae irving j d.

The durable financial power of attorney is a simple way to arrange for someone to handle your finances. If you have any questions about these powers obtain competent legal advice. Durable power of attorney permits the person granting the power to appoint a friend or relative he or she trusts to manage his or her financial and other interests as set forth in the document. In illinois there is no restriction as to who individuals can.

This power continues even if the principal becomes incapacitated and is not able to make decisions for themselves. A durable power of attorney for finances or financial power of attorney is a simple inexpensive and reliable way to arrange for someone to manage your finances if you become incapacitated unable to make. There is a legal arrangement called a durable power of attorney which gives a named individual authority to make decisions related to an incapacitated patient s health care under indiana durable power of attorney laws the named individual or attorney in fact is granted the ability to make decisions related to care treatment and whether to continue life support. Indiana durable power of attorney the powers you grant below are effective even if you become disabled or incompetent notice.

This authorization is used primarily for making financial decisions in the principal s interest. They are explained in the uniform statutory form power of attorney act. Indiana department of revenue dor requires a power of attorney form poa 1 for customers to authorize another person to have access to their information.