To comply with IA law you’ll need to complete your Power of Attorney form and ensure that it is correctly signed. With a Tax POA, your Agent may represent you and sign documents on your behalf at the local IA tax office. This might be necessary if you are seriously ill, serving in the military or have to travel for work purposes. With a Minor POA, you can delegate your parental rights over a child to your Agent temporarily. For example: the Power of Attorney may only become active if you are unconscious or are unavailable for a period of time. Using a Vehicle POA allows an Agent to buy and sell vehicles for you and to manage other ownership tasks such as registering titles with the DMV and updating official documentation.Ī Springing POA allows an Agent to act for you when certain conditions or criteria occur. Real Estate POAs let your Agent manage tasks related to the buying and selling of property on your behalf. This can then be used when urgent choices regarding treatment need to be made when you’re unconscious. Medical POAs allow you to delegate important healthcare decisions to your Agent.
These forms are usually time limited, only giving your representative authority for a short period of time. Limited POAs grant an Agent responsibility over specific, normally one-off, tasks. A durable POA allows an Agent to manage your estate for you at all times, even if you fall unconscious or become medically incapacitated.
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