Pennsylvania power of attorney documents basic use is to select another person, known as an ‘Agent’ or ‘Attorney-in-Fact’, to handle any type of medical or financial related activity as your representative. The important use for this form is that it may also be used if the person being represented, known as the ‘Principal’, becomes in a state of mind where they can no longer think competently. Whether the cause is an accident, an illness, or just advanced age, incapacitation can make a person unable to make monetary or health care choices for themselves.
Under Pennsylvania law (Title 20 Chapter 56 of the State Statutes), the form can only be created by filling in the document and signing with at least two (2) adults present and/or a notary public acknowledgment.
Under a Pennsylvania financial power of attorney, you name a person who will have a fiduciary duty to you as your agent to handle any type of all your monetary related affairs on your behalf. You should also name an alternate in case your first choice can’t serve when needed, and both should reside close-by to handle things in person when needed. Your choice should…
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