Durable Power Of Attorney Alabama

Alabama durable financial power of attorney form is a statutory document that allows an individual to act in their place for broad or specific financial powers.

Durable power of attorney alabama.

Instructions in this power of attorney state that such an action will not terminate your authority. The alabama durable power of attorney form allows a person to choose someone else that will have the capability to act in their place for financial decision making. The principal is responsible for all actions taken by the selected agent to whom with the durable form will have the right to all monetary related access to the principal s. The term durable means that if the principal should become incapacitated the form would remain in effect.

The term durable refers to the designation that if the principal can no longer make decisions for themselves that their selected agent will be able to act on their behalf. According to section 26 1a 104 a power of attorney to which this chapter applies is durable unless it expressly provides that it is terminated by the incapacity of the principal. Liability of agent the meaning of the authority granted to you is defined in the alabama uniform power of attorney act chapter 1a title 26 code of alabama 1975. Alabama power of attorney is a document that is used for individuals who would like to designate someone else an agent to handle decisions on their behalf for a durable general or limited use this form is most commonly used by a person who would like to have an agent represent them if they are not able to for health reasons not being able to appear at a specified location or when.

A durable power of attorney form allows an individual principal to select someone else agent or attorney in fact to handle financial related matters on their behalf. The form has the durable use that remains in effect even if the principal is no longer able to make decisions for themselves due to mental instability. Alabama code section 26 1 2. If you violate the alabama uniform power of attorney act chapter 1a title.

The alabama durable power of attorney form allows a person to choose someone else that will have the capability to act in their place for financial decision making. The term durable refers to the designation that if the principal can no longer make decisions for themselves that their selected agent will be able to act on their behalf. Therefore it s recommended to have the agent be someone who the principal can trust and who.