The Vermont Power of Attorney generates a legally binding account of the prescribed transfer of designated rights that an owner retains to be supplied to another person. Numerous conditions can apply where the granted agency is to be distributed and multiple documents to fulfill the grantor’s need. The document that correlates to administrating authority to make health decisions for another after possible incapacitation is the advance directive. The advance directive additionally collects details of the issuing individual’s preferences concerning several potential medical outcomes and records them for future reference. It is a vital preparation of estate and end-of-life planning to understand a principal’s desires moving forward. Many powers of attorney agreements cater to bestowing controls to an alternate individual in order to allow for management of their financial holdings. The presented documents can be selected to endow broad sweeping authority or indicated selections that limit the range of an agent’s extend permissions. Choosing the written agreement to fit the needs of the declarant best is important to effectively define the parameters of established agency.
Laws
Statutes – Vermont Statutes – Chapter 123: Powers of Attorney (14 V.S.A. § 3501 – 14 V.S.A. § 3516)
Definition – “Power of attorney” means a written document by which a principal designates an agent to act in his or her behalf (14 V.S.A. § 3501(8)).
Signing Requirements – A notary must be present to view all signatures of the issuing principal, designated agent(s) (if applicable), and one (1) individual suitable for witnessing as described in the Vermont Statutes Annotated 14 V.S.A. § 3503.
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 (Medical POA & Living Will) – Procures information to instate a principal party’s desires regarding health care to prepare for cases should they become no longer able to communicate treatment selections. The form also designates an alternate individual to make decisions once the declarant is deemed incapacitated.
Download: PDF
Signing Requirements: Acknowledgement must be reviewed by two (2) acceptable witnessing parties to certify the endorsement.
Durable (Financial) Power of Attorney – Defines terms to extend agency to a nominated attorney-in-fact over marked financial actions that will endure past the principal’s incapacity.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgement by a notary and one other suitable witness.
General (Financial) Power of Attorney – Enacts a dispersion of temporary financial controls to a third party.
Download: PDF
Signing Requirements: Acknowledgement required from a certified notary and another approved witnessing individual.
Limited (Special) Power of Attorney – Provides a specific iterated endowment of permissions from one person to another.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgement by a notary and one (1) witness necessary to meet the state’s legal requirements.
Minor Child Power of Attorney – Applies parental powers to be ascertained by another person temporarily.
Download: PDF
Signing Requirements: Acknowledgement by a notary must be obtained for verification purposes.
Motor Vehicle Power of Attorney – Permits an alternate designee the right to sign a vehicle’s state clerical registration or titling paperwork.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgement can be achieved with the accompaniment of a notary public to witness and validate.
Real Estate Power of Attorney – Legalizes the understanding to appoint an agent to represent a property owner regarding set forth concessions of authority related to assigned real estate.
Download: PDF
Signing Requirements: Acknowledgment is obligated to verify the legal commitment. It is an obligation to have a notary and confirming witness sign to certify the process.
Revocation of Power of Attorney – Produces a legal document to remove the permissions granted to an assigned agent in an original agreement.
Download: PDF, Word (.docx)
Signing Requirements: Acknowledgement of the form’s execution by a notary is not obligated to create legal standing.
Tax Power of Attorney – Denotes allocated representation rights to a professional concerning state taxes.
Download: PDF
Signing Requirements: Acknowledgement by a notary is not a mandated requirement. Principal taxpayer and agent signatures must both be recorded for adequate completion.