Power of Attorney Laws in South Carolina

By Holly Cameron

If you grant a power of attorney, you transfer control of all or some of your affairs to another person. The individual who takes over control is known as the agent or the attorney in fact, and is usually a family member, close friend or professional adviser. The person who signs the document is known as the principal. Powers of attorney can cover either financial affairs including bank accounts and taxation, or can deal with health care issues such as choice of treatment.

General Provisions

Section 62-5-501 of the South Carolina Probate Code sets out the law regarding durable powers of attorney for financial affairs. A durable power of attorney remains in force even if the principal becomes physically disabled or mentally incompetent. To be durable, the power of attorney must contain certain specific words as described in Section 62-5-501. The exact terms of the power of attorney vary according to individual circumstances but usually the document will list the scope of the agent’s duties. These might include dealing with bank accounts, signing tax returns and corresponding with insurance companies.

Signing Requirements

The principal must be over 18 when he signs the document. Powers of attorney in South Carolina should be signed in the presence of two independent witnesses. The agent may not sign as a witness, nor may any person who might benefit from the principal’s death. Powers of attorney in South Carolina should also be recorded as a public deed in the county where the principal lives at the time of signing.

Ready to appoint a power of attorney? Get Started Now

Payment of the Agent

According to Section 62-5-501 (G), an agent is entitled to receive payment for his services and reimbursement of expenses. Usually the power of attorney specifies the amount and method of payment. If it does not, the probate court will decide on the agent’s payment, based upon his responsibilities and the work carried out.

Health Care Power of Attorney

Section 62-5-502 of the South Carolina Probate Code allows its residents to sign a health care power of attorney that hands over control of health-related decisions to a trusted person. A health care power of attorney only springs into effect if the principal becomes mentally incompetent and unable to make decisions for himself. In these circumstances, the agent can make decisions regarding the principal’s treatment. Section 62-5-5-2 (D) contains a statutory form for a health care power of attorney.

Ready to appoint a power of attorney? Get Started Now
Iowa Power of Attorney Rules
 

References

Related articles

What Are the Duties of Power of Attorney?

A power of attorney is a legal document that allows one person to act for another person, but the authority comes with duties and responsibilities. The giver of the authority is known as the principal, while the receiver is referred to as an agent. The agent has both a legal duty to the principal and the duties granted by the power of attorney document.

Durable Power of Attorney in Oregon

A power of attorney allows you to transfer control of some or all of your affairs to another, trusted person, for either a fixed or an indefinite period of time. Durable powers of attorney usually cover financial affairs such as operating bank accounts and paying bills. Legal terminology designates the individual signing the power of attorney as the “principal” and the person who acts on his behalf as the “agent” or the “attorney-in-fact.” Chapter 127 of the Oregon Revised Statutes sets out the legal provisions for residents of the state.

Power of Attorney Responsibilities

A power of attorney gives you (the agent) the legal right to act on behalf of someone else (the principal). The power of attorney document may allow you to make decisions about financial matters, medical treatment or living arrangements, or represent the principal in any legal matters. The laws of each state control how a power of attorney may be drawn up.

Power of Attorney

Related articles

Can a Person With Power of Attorney for Another Profit From the Sale of a House?

A power of attorney is created when a person -- the principal -- creates a document giving authority to a third party – ...

Can You Sell a Home With a Power of Attorney?

Depending on state laws, powers of attorney can give an agent broad powers over someone’s finances and property. With a ...

Power of Attorney Rules

A power of attorney is a legal relationship in which one person (the principal) grants another party (the agent) the ...

Can a Power of Attorney Give Away a Life Estate?

A power of attorney is a written document wherein a principal grants an agent the power to take action on the ...

Browse by category
Ready to Begin? GET STARTED