A Kentucky Power of Attorney lets a person transfer authority to another to manage and transact his or her business affairs or other types of affairs. These types of forms can be useful if a person is expecting to be unavailable for a period of time or has a transaction that he or she would like someone else to handle for them, or wants to have someone available to take care of his or her children in the event he or she becomes unavailable or incapacitated. It is important that the person chosen to take over authority is someone who is trusted by the person granting authority. Forms should be written in accordance with .
Advance Directive (Medical POA) – This type allows you to choose an agent to represent your health care interests.
Durable Power of Attorney – The durable form allows a person to convey financial authority to another. Such power continues, unless revoked, even after the principal is declared incompetent.
General Power of Attorney – This is similar to the durable power in that it conveys financial authority to another and continues until revoked, however, it becomes void if the principal is declared incompetent.
Limited Power of Attorney – The limited form is used for specific transactions or time periods. For instance if someone is selling a home they can prepare a limited form to grant authority for an attorney to act in the specific situation.
Minor Child Power of Attorney – In the event you may be away from your children, this type allows you to designate a caretaker for them while you are unavailable.
Power of Attorney Revocation – You an use a revocation form to revoke any type of power of attorney.
Real Estate Power of Attorney – To elect a representative to handle the purchase, sale, or management of real property for a period of time or until the owner’s death.
Tax Power of Attorney – This allows you to designate a person to represent you with the tax authority. The State of Kentucky recognizes the Federal Tax Form 2848 for all power of attorney tax purposes.
Vehicle Power of Attorney – In the event you need someone to help you with motor vehicle issues, this form lets you designate someone to do that.
How to Write
1 – Open And Fill Out The Kentucky Form To Execute A Designation Of Authority
The Kentucky form required to designate Authority is available through the buttons below the image. This form will provide the language to deliver Authority across the board in compliance with Kentucky State Law. If there are any Powers that should not be delivered the Principal may either use the appropriate software program to delete them or (in the absence of such software) may print out this form then fill it out, crossing out any items that should not be delegated to the Attorney-in-Fact. You may open, download, and work on this form onscreen with software compatible with PDF, Word, and ODT documents.
2 – Introduce The Principal And The Agent Directly Involved With This Issuance
The Principal will be the first party that must be documented. This is the individual who will grant Approval to another individual to Act in his or her Name. Report the Legal Name of the Principal on the first blank line below the words “Know All Men By These Presents” The Identity of the Principal should be continued by entering his or her Legal Residential Address on the blank line following the words “residing at.”Now, locate the words “…do hereby make, constitute and appoint.” Enter the Full Legal Name of the Agent on the blank space following these words. An Agent is the individual who will assume Principal Powers and act as if he or she were the Principal in the Principal’s Affairs by virtue of the Principal Approval granted through this form.Next, on the blank space after the words “…chooses not to serve, I then appoint,” enter the Name of an additional individual who may act as the Principal Agent should the Principal Agent named above cannot or may no longer be able to wield Principal Powers. Typically, this party is referred to as a Successor Agent and may be thought of as an Agent in Reserve. That is, he or she will not be able to act as Principal Agent, unless the current Principal Agent cannot act as such.
3 – A Definition Of Powers Delivered To The Agent Must Be Reviewed
The next series of statements will each define how an Agent may wield Principal Authority in certain areas. This document will give a broad deliverance of Principal Power to the Agent however a Principal may not wish to give such broad Powers. In this case, any of these statements may be deleted (if using a software program to enter information) or may be physically crossed out by the Principal. Any such action must take place before the signing of this form.
The Principal may restrict the Agent from making or executing document writings (i.e. deeds, checks, etc.) in his or her Name by crossing out the statement beginning with the words “To make, execute and deliver…”Crossing out the second statement will prevent the Agent from using Principal Power to act as the Principal with the Principal’s Estate, Property, and Affairs.If the Principal does not wish to grant the Agent the Power to make Healthcare Decisions for the Principal, the statement beginning with “To make healthcare decisions for me…” must be crossed out by the Principal.The Principal may also prevent the Agent from inspecting or disclosing information regarding his or her Physical and Mental Health by crossing out the statement beginning with “the person designated above…”
4 – The Principal Must Personally Execute This Document With A Notary Public
This form will require that a Principal who intends to deliver any of the Powers listed and defined to an Agent sign this document as validation of this intention. This will begin when the Principal enters the Date of his or her Signature using the blank space preceding the words “day of” to enter the Calendar Day, and the blank spaces after the words “day of” to enter the Calendar Month and Year this document is signed. Below the Date of Signature report, the Principal must sign his or her Name on the blank line.
Lastly, the Notary Public who will provide verification, his or her credentials, and the Seal of Notarization must take care of the section below the words “State of Kentucky.”