A Wyoming power of attorney can assist you when you are seeking to have a loved one or another legally represent your interests in certain situations. There are many different types of POAs depending on your needs. There are some that allow you to appoint someone to have broad powers over your assets and property. There are others that allow you to select an individual with limited powers over a specific situation, such as having your vehicle titled. You will want to consult with your proposed representative to make sure they understand your wishes.
Durable Power of Attorney – You may use this form to appoint another to make decisions regarding your assets and property. The appointment will last until you either revoke it or pass away. It is called “durable” because your incapacity will not void it.
General Power of Attorney – This form is similarly for appointing a representative to make determinations regarding your assets and property. However, this type automatically terminates if you, as the person who created it, becomes unable to make your own decisions.
Limited Power of Attorney – This type can be tailored to reflect your needs and circumstances. It is used when you have a specific event or transaction for which you need representation.
Medical Power of Attorney – A medical POA is useful in situations where you are unable to convey your health care wishes to your medical providers, such as an accident or surgery. You can tell your agent ahead of time what types of treatment you would prefer if the need arises and then your representative can convey those wishes to your doctor under a legally executed medical POA.
Minor Child Power of Attorney – Used for the election of an individual to handle the everyday care for a child of another person.
Real Estate Power of Attorney – To elect someone to handle the decision-making for the conveyance of or management of real property.
Revocation of Power of Attorney – This form is used when you seek to terminate a previously executed power of attorney. Make sure that you let anyone, including your agent’s know, that you have terminated by providing them with a copy of this revocation.
Tax Power of Attorney Form – The State of Wyoming recognizes the Federal Tax Form 2848 for all power of attorney tax purposes.
Vehicle Power of Attorney – A limited POA that only applies to dealing with your motor vehicle in front of the Wyoming Department of Transportation.
How to Write
1 – This Wyoming Document Delivers Durable Principal Powers To An Agent
Download the form presented in the image then prepare it for signing with some information. You may either use the buttons displayed on this page or the image to access and acquire this paperwork
2 – The Declaration Statement’s Terminology Must Be Applied Correctly
The first paragraph of this paperwork will contain several areas strategically placed throughout it so that both the Principal and Agent can be identified and attached to their respective roles. This process will begin with the Principal. Produce his or her Name on the first blank space.
Next, fill in the Wyoming Street Address and County where the Principal resides on the lines between the words “…A Resident Of” and “County, Wyoming…”
Finally, locate the three blank lines formatted to accept a Social Security Number. Furnish the Social Security Number of the Principal using this area.
Now that we have identified the Principal, we will need to attach someone to the role of the Agent or the Attorney-in-Fact. This will be the party that will accept and wield the Principal Power delivered here in the areas this paperwork defines. Use the two lines after the word “Designate” to report the Attorney-in-Fact’s Name and Residential Address
3 – All The Default Principal Powers Are Subject To Principal Preference
The remainder of this document will focus on describing the Principal Power that will be delegated to the Agent. The Principal retains the right to go through the list of different Powers in the second item “Powers Of Agent.” If the Principal does not wish any of the eleven Principal Powers designated to the Agent, then it should be struck through with a horizontal line or simply deleted from the list before printing this document.
Article i, “Collect And Manage,” enables the Agent to use Principal Powers to Manage Real or Personal Property in the Principal’s Name. This will include the ability to handle Collections on behalf of the Principal. If you have a compatible program and are working on screen, then you can delete this article to exclude it from the Agent’s Principal Powers. Otherwise, strike through it using horizontal lines. If struck through, the Principal should initial the left margin of this paragraph.
The second article, “Buy And Sell,” will allow the Agent to engage in such actions as mortgaging and granting options with any type of Property. Note: This includes the Power to purchase U.S. Treasury Bonds The Principal will grant the Agent the Principal Authority to “Borrow” in his or her Name and execute Promissory Notes among other related actions. The “Business And Banking” description of Power will assign the Agent with the Principal Power to engage in a wide scope of Business Practices. Any or all of the Principal Actions here may be deleted or struck through to be excluded from this assignment of Principal Power. Similarly, the fifth article here will deliver the Authority to handle Principal “Tax Returns And Reports” the Agent needs to represent the Principal before Tax Entities. The Agent may be restricted from this type of Principal Authority or some of the defined actions when it is removed or crossed out. Article vi, labeled “Safe Deposit Boxes,” give the Agent the Principal Power to exhibit the same control over a Safe Deposit Box the Principal can. In the next Power Appointment, “Proxy Rights,” the Principal will give the Agent the right to represent his or her interests with “Stocks, Bonds, Shares, Or Other Investments, Rights Or Interests” the Principal may or could hold. Only the items the Principal wishes the Agent to affect should be left intact. The Principal Actions that may be taken on behalf of the Principal regarding “Legal And Administrative Proceedings” are described in the eighth article of this list and will be delivered to the Agent if its terminology is left intact If the Agent should have the Principal Authority to conduct “Transfers In Trust” in the Principal’s Name, this Power will be discussed and left unmarked in article ix “Transfers In Trust” The Principal Ability to Delegate Authority in the matters defined here will be conferred to the Agent through the wording provided in Article x “Delegation Of Authority.”There are some basic restrictions placed on the types of Principal Power an Agent may wield and the extent of it. Therefore, article xi “Restrictions On Agent’s Powers” should be left intact. overall many would consider it unwise to attempt to change it as this may interfere with the paperwork’s validity.
4 – A Substitute Agent May Be Automatically Designated With Power If Necessary
In addition to the Primary Agent or Attorney-in-Fact, named above, the Principal may choose to have a back-up Agent set up as a precaution. This can be quite handy if the Principal needs an Agent to perform a function and the Primary Agent neither will or can act with Principal Power. Documenting a Substitute Agent will be taken care of in the ninth item. Locate the first blank space here then enter the Complete Name of the Attorney-in-Fact.
Complete this sentence by filling in the Full Name and Address of the Substitute Agent on the next two blank lines in this item. Note: The Substitute Agent will not be able to wield Principal Power unless the Principal and the Primary Agent cannot.
5 – The Principal Tool Of Execution Is A Dated Signature That Has Been Witnessed
The Principal must personally verify his or her intention to deliver his or her Authority to the Agent (and potentially the Substitute Agent). This verification of intent may only be demonstrated through an authentic signature. To begin the Principal should locate the labeled line “Dated” at the bottom of this page then document the Signature Date.The Principal should sign and print his or her name on the two blank lines under the Signature Date he or she just reported To prove the authenticity of this Signature, two Witnesses must sign their names to this document. Each one should perform this action on a unique “Witness” line.The final segment of this area requires the credentials and stamp a Notary Public provides when notarizing paperwork. This is the only entity that can satisfy this final statement