A Durable Power of Attorney Form in Georgia allows someone to appoint another person to make legal and financial decisions on their behalf, even if they become incapacitated. It ensures that their affairs are managed by someone they trust.
In Georgia (United States), the person creating the Durable Power of Attorney form is known as the "principal." So, the principal is responsible for filing the Durable Power of Attorney form.
Q: What is a durable power of attorney?
A: A durable power of attorney is a legal document that allows someone (called the principal) to appoint another person (called the agent or attorney-in-fact) to make financial and legal decisions on their behalf if they become incapacitated.
Q: Why do I need a durable power of attorney?
A: Having a durable power of attorney ensures that someone you trust can manage your affairs if you are unable to do so yourself.
Q: Is a durable power of attorney specific to Georgia?
A: The concept of a durable power of attorney exists in all states, but the specific laws and requirements may vary from state to state. This form is specific to Georgia.
Q: Who can be appointed as the agent in a durable power of attorney?
A: The agent can be any competent adult, such as a family member, friend, or trusted advisor.
Q: What powers can be granted to the agent in a durable power of attorney?
A: The powers granted to the agent can be broad or limited, depending on the wishes of the principal. They can include managing finances, making healthcare decisions, and handling real estate transactions, among other things.
Q: Does a durable power of attorney expire?
A: A durable power of attorney does not typically expire unless specifically stated in the document or the principal revokes it.
Q: Can I revoke a durable power of attorney?
A: Yes, a principal can revoke a durable power of attorney at any time as long as they are competent to do so. This can be done by completing a revocation form or by creating a new power of attorney that explicitly revokes the previous one.
Q: Do I need a lawyer to create a durable power of attorney?
A: While it is not required to have a lawyer create a durable power of attorney, consulting with an attorney can ensure that the document is properly executed and meets all legal requirements.