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
Can the Power of Attorney Add Signers to Bank Accounts?



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 finances. You may give another person, known as your agent or attorney-in-fact, power of attorney as long as you're mentally competent. You must draft a power of attorney document that meets the legal requirements in your state in order to give your agent authority.

How to Get Power of Attorney in Kentucky

It is important for you and your loved ones to prepare a power of attorney document in case of a debilitating illness or injury that causes incapacitation. This document allows someone to manage your personal and financial affairs and handle important documents. In Kentucky, this is called “durable power of attorney.” If someone wants to grant you power of attorney in Kentucky, they must prepare a document granting you this right.

Power of Attorney Guidelines for State of Oregon

A power of attorney is a legal document that allows you to appoint someone to act on your behalf if you become incompetent of incapacitated. The Oregon Revised Statutes set forth the requirements for a valid power of attorney, who may serve as your agent and how the power of attorney may be used.

Power of Attorney

Related articles

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 ...

What Happens If an Agent With Power of Attorney Becomes Incompetent?

If handling your own financial affairs is a challenge, or you worry that you will not be able to manage your affairs in ...

Can There Be More Than One Power of Attorney?

When you want to give someone authority to make decisions in your place, a power of attorney is one way to proceed. ...

How to Break a Power of Attorney

Managing your money and investments properly is crucial to maintaining your financial stability. Should you become ...

Browse by category
Ready to Begin? GET STARTED