How to Set Up Enduring Power of Attorney

By Ciele Edwards

If you are worried about what will happen to your assets and affairs should you become incapacitated, setting up an enduring power of attorney may ease your fears. An enduring power of attorney – referred to as a “durable” power of attorney in the United States – is a document granting another individual the right to handle certain financial or medical decisions on your behalf. A durable power of attorney differs from a standard power of attorney in that your representation, known as your “agent” or "attorney-in-fact" does not lose his right to manage your affairs should you become mentally incompetent. While an attorney can provide you with helpful information when completing this process, an attorney is not necessary to set up and execute a durable power of attorney. You can complete the documentation on your own, or use an online document preparation website.

Step 1

Discuss with your would-be agent the fact that you would like to give him durable power-of-attorney. Handling another individual's property, finances and/or medical decisions is a significant responsibility. Explain to your would-be agent what may be required of him and ensure that he is aware of, and accepts, the responsibility before naming him as your representative.

Step 2

Obtain the forms necessary for awarding enduring power of attorney in your state. You can order these forms from a document preparation service or have your attorney draft them for you.

Ready to appoint a power of attorney? Get Started Now

Step 3

Fill out the durable power of attorney form/forms. Name your agent and any alternate individuals to handle your affairs in the event that your current agent cannot do so. You cannot use one document as both a financial and medical power of attorney; you must execute two separate power-of-attorney documents -- one financial and one medical -- if you want an agent/agents to handle your financial transactions and carry out your health care decisions. You can also place limitations on your agent in either case if you so choose.

Step 4

Specify a time frame for the document. Durable power of attorney privileges generally go into effect immediately, but you can prevent this from occurring by setting a specific date that you want the document/documents to take effect. You can also specify a termination date if you wish.

Step 5

Make a checklist of rights, responsibilities and limitations your durable power of attorney should reflect. Review the document carefully to ensure that you included all of the necessary information. If you have an attorney, ask your attorney to review the power of attorney for any vague terms or stipulations that could cause confusion in the future.

Step 6

Make a copy of the unsigned document. Give the copy to your agent to review. Answer any questions he has about the terms, responsibilities and limitations it contains.

Step 7

Visit a notary public with your agent. Bring both copies of the unsigned and un-notarized durable power of attorney form. Sign both durable power-of-attorney forms in front of the notary public and ensure that your agent does the same. Have both documents notarized.

Step 8

Put your copy of the original durable power of attorney document in a safe place. Give the second original copy to your agent. Your agent will need the original document to prove his status as your representation when making future decisions regarding your property, finances and/or health care.

Ready to appoint a power of attorney? Get Started Now
What Happens If an Agent With Power of Attorney Becomes Incompetent?



Related articles

How to Break a Power of Attorney

Managing your money and investments properly is crucial to maintaining your financial stability. Should you become incapacitated or lose your ability to make rational decisions, your assets could be in jeopardy. Granting power of attorney to a loved one capable of making financial or health care decisions on your behalf ensures someone will be available to manage your affairs if you cannot. This individual is your “agent.” If you are of sound mind and wish to revoke your agent's privileges, you may terminate the power of attorney agreement at any time. A lawyer or online document provider can provide assistance in both drafting and revoking a power of attorney.

Joint Account vs. Power of Attorney

When participating in estate planning, two devices that may be suggested to you are a joint account and power of attorney. Both require that you surrender some control over your assets and both allow you to limit the amount of a person’s access to specific assets. However, there are significant differences between the two. Before choosing any of these options when pursuing estate planning, consider what you are trying to achieve, because different options are better suited for different situations.

Kansas Statute on Power of Attorney

There are many tasks that you must do personally because of their legal or medical significance. For example, no one else can register your vehicle for you or sign your name to legal documents without formal permission from you. This formal permission is documented by a power of attorney, authorized by Article 6 of Chapter 58 of the Kansas statutes.

Related articles

How to Appoint a Power of Attorney

A power of attorney allows one person to act on behalf of another person in various matters, including health or ...

Can a Power of Attorney Create a Will?

Planning for your future includes considering the possibility of your incapacitation. A legal document, known as a ...

Risks of a Financial Power of Attorney

Giving someone power of attorney over your financial affairs can be frightening, especially if the reason you need the ...

How to Write a Mississippi Power of Attorney

Drafting a durable power of attorney in Mississippi authorizes another individual to act on your behalf. A power of ...

Browse by category
Ready to Begin? GET STARTED