Pennsylvania Durable (Financial) Power of Attorney Form can be filled out then dispensed by a principal who intends to grant his or her authority to an agent. This granting of power will remain in effect even when the principal is incapacitated thus making sure that his or her financial responsibilities are maintained through an emergency situation. Once this is taken into full consideration, it is easy to see why the principal must pick an agent who has a proven track record of safeguarding the principal’s interests in a trustworthy and reliable manner. Once an agent is selected, an in-depth discussion regarding the expectations of both parties should be conducted between the principal and his or her agent. Both these individuals must comprehend and agree to the definition of principal authority that shall be granted to the agent.
- Pa Power Of Attorney Form Download Free
- Power Of Attorney Pa Pdf
- Pa Power Of Attorney Laws
- Pa Power Of Attorney Form Download Pdf
- Pa Power Of Attorney Form Download 2017
- Pa Power Of Attorney Form Downloads
Free Download Pennsylvania Motor Vehicle Power of Attorney Form (pdf, 210KB) and Customize with our Editable Templates, Waivers and Forms for your needs. A power of attorney is a legal tool allowing a principal to designate an agent to act on behalf of the principal. For the most part, people execute these documents. This form provides limited authority for department representatives to speak about confidential tax. As attorney-in-fact to represent the taxpayer before any office of the PA. This power of attorney revokes all earlier powers of attorney and tax. LawDepot's customizable POA form lets you choose if you want an Ordinary Power of Attorney or Durable Power of. Print or download your document in minutes.
Laws – Chapter 56, § 5604
Health Care Power of Attorney – Use this document to assign a trusted individual to represent you in making healthcare decisions when you become incapacitated.
Download: Adobe PDF, Microsoft Word (.docx) or Open Document Text (.odt)
1 – Obtain The Pennsylvania Paperwork Necessary To Delegate Principal Authority
Download the template on this page. The Principal will need to be present to complete the form, so make sure you have coordinated with his or her schedule. You will need information regarding the Principal, the Attorney-in-Fact, and the Powers being granted.
2 – The Principal Must Read And Sign The Introductory Notice
The first page of this document will provide some valuable information for the Principal, including the exact Pennsylvania Statutes that apply to this documentation. The Principal should make sure to read this disclosure, then provide a Dated Signature At the bottom of this page. The Principal will also need to supply his or her Full Name in print.
3 – Supply A Report On This Document’s Participants
Once the Principal has read, comprehended, and signed the disclosure, the first paragraph can be attended to. It will request some information via a set of blank lines. The first blank line in this paragraph will need to have the Principal’s Full Name and Address placed on it. Make sure when filling in the Name of the Principal that it matches the Name of the Principal as he or she produced it below the Principal Signature. Next, after the word “Appoint,” solidify who the Principal is giving Principal Authority to by entering the Agent’s Name on the second blank line along with his or her Address.
4 – A Principal Approved List Of Delegated Authority Must Be Produced
After supplying the declaration statement with information, the Principal should review the lettered list of subjects that he or she may delegate Power to an Agent using this paperwork.
The Principal should initial the statement A, “Real Property Transactions,” if the Agent will be expected to perform the actions such as (but not limited to) selling or conveying real Property with Principal Authority.If the Agent must be able to handle “Tangible Personal Property Transactions” (i.e. receiving and possessing Personal Property on behalf of the Principal), the Principal will need to initial Statement BThe wording in Statement C will deliver the ability to perform “Stock And Bond Transaction” in the Principal’s Name once the Principal initials the corresponding blank line. If initialed, this statement will allow the Agent to buy stocks, exchange them, or even vote at meetings on behalf of the Principal.The Agent will be able to control the selling or buying of the Principal’s Commodities and Options on behalf of the Principal along with a host of other actions as per Statement D. If the Principal wishes to appoint the Agent with the Authority to conduct such business, then he or she must initial the “Commodities And Option Transactions” paragraph.The Principal can appoint the Agent with the Principal Power to engage in Banking transactions with Banks and Financial Institutions in general (on behalf of the Principal) by initialing the “Banking And Other Financial Institution Transactions” paragraph.Paragraph F will supply the structure and wording to allow the Agent to conduct Principal Business Affairs in any lawful Business on behalf of the Principal. The Principal should present his or her initials on the blank line corresponding to the “Business Operating Transactions” paragraph.If the Principal wishes to have the Agent engage in exercising any “Insurance And Annuity Transactions” on his or her behalf, then he or she must initial Statement G.The ability to represent the Principal in matters of “Estate, Trust, And Other Beneficiary Transactions” can be granted to the Agent by the Principal, after the Principal locates Statement H and initials the blank line preceding it.The Agent can have the same Authority the Principal carries regarding commencing, discontinuing, or generally engaging in “Claims And Litigation” in Principal matters after the Principal supplies his or her initials on the blank line preceding “(I) Claims And Litigation”To appoint the Agent with the Principal Power to handle the Principal’s “Personal And Family Maintenance” (i.e. hiring accountants, contractors) then he or she should initial Statement J.The Power to represent the Principal regarding his or her “Benefits From Social Security Medicare, Medicaid, Or Other Governmental Programs Or Military Service” can be granted to the Agent when the Principal initials the blank line labeled “(K)”The Agent can wield Principal Authority to handle his or her “Retirement Plan Transactions” through the Principal Act of initialing item “(L).”The Authority to handle the Principal’s affairs and represent the Principal before Tax Entities will be delivered to the Agent if the Principal initials Statement “(M) Tax Matters.”The Agent can be granted the Power to handle all of the above matters in one fell swoop if the Principal initials “(N) All Of The Powers Listed Above.” If this statement is initialed, the Principal should not initial any other statement.
5 – Some Additional Issues Should Be Reviewed And Determined
If the Principal has any additional instructions that should be listed and included in this paperwork he or she should make them available and document them in the contents of this template. This can be accomplished using the section labeled “Special Instructions.” If more room is required, you may continue this report on a well-labeled attachment that must be physically present at the time of signing.Next, locate the paragraph labeled “Authority To Delegate.” If the Principal wishes the Agent to possess and use Principal Power to delegate the Principal Powers delivered here to other entities, then leave this statement intact. If the Agent should not be able to delegate any of the appointed Powers to another party, then strike through each line of this paragraph with horizontal lines or cross it out.If the Principal wishes to give the Agent the Principal Authority to receive compensation for reasonable expenses while carrying out the Principal’s directives, then leave the paragraph labeled “Right To Compensation.” If the Agent should not have the Authority to decide upon this and act on behalf of the Principal he or she should, this paragraph should be crossed out or struck through.The Principal may decide to appoint another entity as a Successor Agent who will act as a reserve Agent. This means that if the Attorney-in-Fact named above will not or cannot wield Principal Powers, the Successor Agent will be able to step into this role, able to wield the same Principal Powers delegated to the Attorney-in-Fact named above. The Successor Agent may only do this if he or she has her Name, Address, and Telephone Number documented on the blank lines in the “Successor Agent” section.
![Power Power](/uploads/1/2/6/0/126043987/311123001.jpeg)
5 – The Principal Will Need To Supply This Document With His Or Her Dated Signature
Once the Principal has determined this document reflects his or her intentions perfectly, then he or she should prepare to sign his or her Name by producing the current Date when he or she signs this paperwork across the three blank lines after the words “Signed This…” Once the current Date has been documented by the Principal he or she must sign the “Your Signature” line.
6 – Additional Entities Must Sign This Paperwork To Prove Its Authenticity
Both Witnesses must read the “Statement Of Witness” paragraph then, sign his or her Name, print his or her Name, and disclose his or her Address.The next entity to help prove this document’s reliability will be the Notary Public. This person is the only party who can notarize this paperwork using the “Certificate Of Acknowledgment Of Notary Public” section.The final section, “Acknowledgement Executed By Agent,” will require the cooperation of the Agent or Attorney-in-Fact being granted the Principal Authority defined. Locate this section, then enter the Full Name of the Attorney-in-Fact on the first blank line. The Attorney-in-Fact must sign and print his or her Name on the blank lines labeled “Agent’s Signature” and “Agent’s Printed Name” (respectively). Once he or she has completed this task, the Attorney-in-Fact must then enter the current Date on the line below his or her Name.Finally, the individual who has physically filled out the information on this form should self-report in the “Preparation Statement.” The Preparer must sign his or her Name on the first blank line and print his or her Name on the second blank line.
Power of attorney forms are legal documents completed by an individual (the “Principal”) to appoint someone else to act on their behalf (the “Agent” or “Attorney-in-Fact”). The Agent may be able to handle financial, medical, guardianship, or tax-related matters. If the form is durable, this means the Agent will be able to continue to act on the Principal’s behalf if can go no longer make decisions for themselves. Which is common in the elderly.
Signing – The forms are required to be authorized in accordance with their State laws.
- POA Forms: By Type
- How to Write a Power of Attorney
Durable (Financial) Power of Attorney – The most common type of power of attorney, allows a person to grant someone else the unrestricted ability to handle financial transactions on behalf of the principal.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
General (Financial) Power of Attorney – Grants the same financial powers listed in the durable form except that it does not remain in effect if the principal becomes incapacitated or mentally disabled.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
IRS Power of Attorney (Form 2848) – Revised in Dec. 2015, allows an individual or business entity to elect a party, usually an accountant or tax attorney, to file federal taxes on their behalf.
- Download: Adobe PDF
Limited Power of Attorney – Permits a person to carry out a specific activity on the principal’s behalf either as a one (1) time occurrence or for a specific period of time.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
Medical (Health Care) Power of Attorney – Used by an individual to select someone to handle their health care decisions in the chance they are not able to do so on their own.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
Minor Child Power of Attorney – Allows a parent to give the full responsibility of their son or daughter to someone else (except adoption rights). Valid for a temporary period of time, usually between six (6) months to one (1) year, which is dependent on the State’s laws.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
Real Estate Power of Attorney – For a buyer or seller of a property that would like to hand over their rights in relation to handling the negotiation and transaction at closing.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
Revocation of Power of Attorney – To cancel a current power of attorney arrangement.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
State Tax Filing Power of Attorney – Used to elect a tax preparer to handle a filing on behalf of an individual or entity. May be used for State or Federal filings.
Vehicle Power of Attorney – Typically provided by a State’s Department of Motor Vehicles (DMV) or related agency to allow another person to sell, register, or title an automobile.
- Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)
A Power of Attorney is the act of allowing another individual to take action and make decisions on your behalf. When an individual wants to allow another person or entity to make decisions on their behalf, a power of attorney (POA) is used. If you allow someone to act on your behalf, you are the “Principal“. The person or entity acting on your behalf is known as the “Agent“.
A Power of Attorney is also referred to as the following:
- POA/P.O.A./POA Template
- Letter of Attorney
Obtaining a Power of Attorney (form) is easy, all you need to do is decide which type of form best suits your needs. With our resources, creating a power of attorney no longer requires hiring an expensive attorney to draft your document. Download our free power of attorney or create your document online with us.
Step 1 – Understanding Your Needs
View and read the Form Types in order to get a better understanding of which form(s) are best for you. The most common is the Durable Power of Attorney for Financial purposes which allows someone else to handle any monetary or business related matter to your benefit.
In addition, if you would like to elect someone to handle your medical needs as well you can elect a health care agent with the Medical Power of Attorney to make any and all decisions in the chance that you are not able to do so for yourself. A full list of documents that an individual may want to complete are located in the Estate Planning Checklists which are specific to each State.
Step 2 – Selecting Your Agent (Attorney-in-Fact)
Pa Power Of Attorney Form Download Free
An Agent, also known as an Attorney-in-Fact, is the individual that will be making the important decisions on your behalf. This individual does not need to be an attorney, although an attorney can be your agent.
The two (2) most important qualities you should look for in your agent is accountability and trust. You want to be sure that your agent will be available during times of duress and faithfully execute your wishes. It is possible to list more than one agent in your power of attorney form in the event your primary agent falls ill or is unavailable when needed.
Step 3 – Creating the Document
After you have decided on the form(s) needed it is time to sit down and fill in the document. Most forms are provided by the State and can easily be filled-in via PDF format (Download Adobe PDF Reader). The Agent(s) should be present at the time of writing the form and all personal information of the Principal and Agent(s) should be entered.
Power Of Attorney Pa Pdf
Step 4 – Signing / Execution
It is required to have the form(s) be signed in the presence of Witness(es), a Notary Public, or both. Check the laws in your State and only until after the document is properly witnessed will it be eligible for use. For Medical Power of Attorney, some hospitals require that originals be present so it is recommended that originals be given to all Agents.
Step 5 – Storing the Form(s)
After the form(s) are signed it will be up to the Principal and the Agent(s) to properly store them for when they are needed for use. These forms are not filed with any government agency or office so it will be up to each individual to securely maintain the form until it is needed.
A Power of Attorney and the powers granted to the Agent ends when the Principal either dies or becomes mentally incapacitated. If you select to use a Durable Power of Attorney, the powers you give to your Agent will remain in effect if and when you become incapacitated. Since one of the primary reasons to have a power of attorney is to make sure someone is there to make decisions on your behalf if and when you can’t make them for yourself, it’s a very popular choice to have a power of attorney be durable especially when the powers are medically related.
The following needs to be executed in order for your power of attorney to be valid:
- Agent(s) and Principal must sign the document.
- As witnesses, two non-family members or a notary public (some states require both) need to sign.
When Signing Other Documents on Behalf of the Principal
Because you acting in the place of the Principal, you need to first enter the Principal’s name followed by your name which then needs to be followed by the words “attorney-in-fact”. This allows everyone involved know that you are the Principal’s Agent.
Q: When to use a power of attorney?
A: People most frequently use a power of attorney for financial or healthcare reasons. Say you want someone to act on your behalf for when you fall ill in the future, you would use a Medical (Health Care) Power of Attorney so your Agent could make health care decisions on your behalf. If you are in a rare situation and want to give specific powers that aren’t financially or medically related, you can create a Limited (Special) Power of Attorney.
Q: Does a Power of Attorney have to be notarized?
A: Many people think that you need to submit your power of attorney with the government however that is incorrect. Many states require that your power of attorney be notarized to ensure that the signatures are true, which is to help detour fraud. Only the Principal needs to be present with the notary for the Power of Attorney to be notarized. You can find a notary at any banking or financial institution. The easiest way is to go to a banking institution that you are associated with, as they will usually do it for free. The last step is to make a copy of the power of attorney and give it to your Agent and keep the original with you in a safe place.
Q: What should I do if my parent lives in another State?
Pa Power Of Attorney Laws
A: The power of attorney must be tailored for the state in which your parent resides. It does not matter which state you live in, as long as the power of attorney is applicable to the Principal’s state of residence, which in this case is your parent, is what matters.
Q: How to change/remove Power of Attorney?
A: Normally, by creating a new power of attorney that addresses the same powers as your previous power of attorney, it will automatically revoke your previous power of attorney form. It’s important that you notify all individuals and institutions of the change. Complete and sign this Revocation of Power of Attorney Form in order to remove your current power of attorney.
Q: Can a Power of Attorney change a Will?
A: The only person that has the power to change a Will is the person that created it. Therefore, there isn’t any kind of power of attorney that will allow an Agent to change or modify the Principal’s Will.
Before the Principal writes this form they should keep in mind that the Agent (or ‘Attorney-in-Fact’) will need to be present at the time of signature along with signing in the presence of a notary public or two (2) witnesses (depending on the State).
![Power Power](/uploads/1/2/6/0/126043987/204586497.png)
This is a guide on fill-in a Durable Power of Attorney ONLY (Financial purposes)
Step 1 – In the header area, the following should be entered:
- Date of the form being created/signed
- Name and Address of the Principal
- Name and Address of the Agent/Attorney-in-Fact
Step 2 – The Effective Date should be entered by the Principal placing their initials whether they want the document to begin immediately or to begin when a licensed physician has deemed the Principal to be incapacitated (this is also known as a “Springing Power of Attorney”).
Pa Power Of Attorney Form Download Pdf
Step 3 – The Principal must initial next to every power they agree to “handover” to the Agent. The powers are as follows:
Financial Powers
- Banking – To be able to deposit or withdraw funds in addition to conducting any type of financial transaction that the Principal could also do themselves. Upon the initials on this line the Agent will have the full capacity to
- Safe Deposit Boxes – This allows the Agent to have access to any safe deposit box that the Principal has possession or control of. Even if the Agent was not granted a key to the box, as long as it is in the control of the Principal the Agent may have access to it by any means possible (i.e. drilling or accessing through alternative methods).
- Lending or Borrowing – The Agent shall obtain the right to make loans under the name of the Principal and to the Principal’s best interest. It is recommended that all loans made be completed with security (Secured Promissory Note) as to protect the financial status of the Principal.
- Government Benefits – The Agent will have full control over the handling of all government assistance including but not limited to Social Security, Medicare, and Medicaid.
- Retirement Plans – If the Principal owns any IRA’s, 401(k)’s, or any other retirement plans with benefits that the Agent may have the vested power to alter or withdraw any funds from the account they deem to be to the best interest of the Principal.
- Taxes – Such as every United States citizen has the obligation to pay local, State, and Federal taxes, this allows the Agent to file for the Principal. Most likely a copy of this power of attorney will be needed to be attached to all filings made.
- Insurance – Any type of Auto, Home, or Life insurance maybe changed, accepted, or discontinued by the Agent in the chance he or she deems it as a benefit to the Principal.
- Real Estate – All property that the Principal has an ownership interest in shall be at the disposal of the Agent. In short, this means that any property the Principal has ownership in can be sold or leased by the Agent.
- Personal Property – The Agent shall have the right to acquire, purchase, exchange, lease, or sell any type of personal item. This means that the Agent can use the funds by the Principal to purchase a necessary item or sell assets that the Agent’s deems to be in the Principal’s best interest.
- Power to Manage Property – If the Principal has a house, apartment building, or commercial property the Agent has the right to sign leases or otherwise manage the premises (such as placing a home or residence on Airbnb for short-term rentals.
- Gifts – Making gifts to others on behalf of the Principal is a major legal liability although it is allowed in most States. This is something that the Agent should be very careful about doing as if the Principal becomes incapacitated with death imminent in the near-future the Probate Court, after the Principal passes away, may claim the gifts were unauthorized or illegal transfers of assets.
- Legal Advice and Proceedings – If the Principal is currently involved in any type of litigation or in need of legal help the Agent may make decisions as best to handle the said legal proceedings.
- Special Instructions – If the Principal has any other powers they wish to place in the hands of the Agent that were not already mentioned it should be listed in this area and initialed by the Principal.
Pa Power Of Attorney Form Download 2017
Step 4 – The Agent and Principal must sign the document. Their signatures must either be witnessed by two (2) non-family members (or related by marriage) or a notary public (or in some States, both).
Pa Power Of Attorney Form Downloads
Step 5 – Most States require that the Agent sign an Acceptance Form authorizing that they know the powers being vested in them by the Principal and that they agree to always make decisions to the best interest and benefit of the Principal.