Given this information, it is important to realize that there are several varying types of POAs that are used for an array of different scenarios. These scenarios may pertain to the grantor’s financial life, health care, or dependent child. Users of the document are generally required to sign it in the presence of a notary public to corroborate its execution.
(The principal party may revoke the authority granted at any time as long as the agent is given proper notice.)
Laws
Statutes – Title 15, Chapter 12: Uniform Power of Attorney Act
Definition – “Power of attorney” means a writing or other record which grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used (§ 15-12-102(7)).
Signing Requirements – Acknowledgment of Notary Public necessary (§ 15-12-105).
By Type (9)
- Advance Directive (Medical POA & Living Will)
- Durable (Financial) Power of Attorney
- General (Financial) Power of Attorney
- Limited (Special) Power of Attorney
- Minor Child Power of Attorney
- Motor Vehicle Power of Attorney
- Real Estate Power of Attorney
- Revocation of Power of Attorney
- Tax Power of Attorney
Advance Directive – This allows the principal to elect someone else to be their health care representative and to select their end-of-life treatment options.
Download: PDF
Signing Requirements: Only requires the signature of the principal/declarant.
Durable (Financial) Power of Attorney – Is a document that allows a person to turn over certain specified financial assets to the hands of someone else and remains in effect even if they should become incoherent or incapacitated.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgment of Notary Public (§ 15-12-105)
General (Financial) Power of Attorney – Delivers powers relevant to the conveyor’s finances/property and becomes void if they ever enter into an incapacitated state.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgment of Notary Public (§ 15-12-105)
Limited (Special) Power of Attorney – Enables the grantor to define more thoroughly the authority that they wish to provide to their agent.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgment of Notary Public (§ 15-12-105)
Minor Child Power of Attorney – Designed to grant the attorney-in-fact the ability to sign off on any of the child’s needs as if they were the parent.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgment of Notary Public Recommended
Motor Vehicle Power of Attorney – Used for the sake of authorizing another individual to carry out transactions relative to the principal’s automobile.
Download: PDF
Signing Requirements: Acknowledgment of Notary Public (§ 15-12-105)
Real Estate Power of Attorney – Although the durable & general POAs offer the ability to assign powers related to real property, this version allows the user to select the exact function that they want to be performed on their behalf.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgment of Notary Public (§ 15-12-105)
Revocation of Power of Attorney – When a conveyor of powers would no longer like their agent to have the authority granted, they may simply complete a copy of this form to nullify the previously executed POA.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgment of Notary Public Recommended
Tax Power of Attorney – Provided by the state of Idaho, this form authorizes a third (3rd) party representative to carry out various tax matters on the behalf of a taxpayer.
Download: PDF
Signing Requirements: Only requires the signature(s) of the taxpayer(s)/grantor(s).
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