A Tennessee Statutory Power of Attorney Form is a legal document outlining any information that an individual may have regarded as highly important concerning their financial assets. The document will also state the name of a legal representative that would have the right to make financial decisions on behalf of the principal. This information will be useful when dealing with businesses and properties. For this reason, the selected agent must be trustworthy and should be available at short notice.
It is important to know that the agent can also exert their powers if the principal can no longer communicate their thoughts or they are not in a fit state of mind. Therefore, it is important to make sure that all the powers are written to a high level of detail.
When drafting a Tennessee Statutory Power of Attorney, there are no laws concerning any signing requirements but this is still a recommendation.
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