Financial Power of Attorney Form - Tennessee

The Financial Power of Attorney Form in Tennessee is a legal document that allows an individual, known as the "principal," to appoint someone they trust, known as the "attorney-in-fact," to make financial decisions and manage their affairs on their behalf if they become unable to do so themselves. This form is used to ensure that someone can act on behalf of the principal in financial matters when they are unable to do so themselves.

In Tennessee, the financial power of attorney form is typically filed by the person who is granting power of attorney, known as the principal.

FAQ

Q: What is a financial power of attorney form?
A: A financial power of attorney form is a legal document that grants someone the authority to handle your financial matters on your behalf.

Q: Who can use a financial power of attorney form?
A: Anyone who wants to grant someone else the authority to handle their financial affairs can use a financial power of attorney form.

Q: Why would I need a financial power of attorney form?
A: You may need a financial power of attorney form if you become incapacitated or unable to handle your own financial matters.

Q: Does a financial power of attorney form need to be notarized in Tennessee?
A: Yes, a financial power of attorney form in Tennessee needs to be notarized in order to be legally valid.

Q: Can I revoke a financial power of attorney form in Tennessee?
A: Yes, you can revoke a financial power of attorney form in Tennessee at any time as long as you are of sound mind and able to communicate your decision.

Q: What happens if I don't have a financial power of attorney form?
A: If you don't have a financial power of attorney form and become incapacitated, the court may need to appoint a guardian to handle your financial affairs.

Q: Can I choose more than one person as my agent in a financial power of attorney form?
A: Yes, you can choose multiple people to act as your agent in a financial power of attorney form in Tennessee.

Q: Is a financial power of attorney form the same as a healthcare power of attorney form?
A: No, a financial power of attorney form grants someone authority over your financial matters, while a healthcare power of attorney form grants someone authority over your medical decisions.

Q: How long does a financial power of attorney form last in Tennessee?
A: A financial power of attorney form in Tennessee can be set to last for a specific period of time, or until you revoke it or become incapacitated.