Structure
In Connecticut, the Power of Attorney form serves as a vital tool for individuals seeking to designate someone they trust to manage their financial and legal affairs. This document empowers an agent to make decisions on behalf of the principal, covering a wide array of responsibilities such as handling bank transactions, managing real estate, and overseeing investments. It's important to understand that the Power of Attorney can be tailored to fit specific needs, whether it’s a general authority that covers all aspects of financial management or a limited authority that restricts the agent’s powers to particular tasks. Additionally, the form can be effective immediately or set to activate upon certain conditions, such as the principal’s incapacitation. Proper execution of this form is crucial; it must be signed, dated, and witnessed to ensure its validity. By taking the time to understand and complete the Connecticut Power of Attorney form, individuals can secure peace of mind, knowing their affairs will be handled according to their wishes, even when they are unable to do so themselves.
Connecticut Power of Attorney Example
Connecticut Power of Attorney
This Power of Attorney ("POA") document authorizes the person named as the Agent to act on behalf of the Principal, according to the powers granted within, under the governance of Connecticut State Law, specifically the Connecticut Uniform Power of Attorney Act (the "Act").
1. Parties
Principal: _______________ [Principal's Full Name], with a mailing address of _______________ [Principal's Address], City of _______________, State of Connecticut, Zip Code _______________.
Agent: _______________ [Agent's Full Name], with a mailing address of _______________ [Agent's Address], City of _______________, State of Connecticut, Zip Code _______________.
2. Powers Granted
The Principal grants to the Agent the following powers to act on the Principal’s behalf in matters specified below:
- Real Property Transactions
- Personal and Family Maintenance
- Banking and other Financial Institution Transactions
- Business Operating Transactions
- Insurance and Annuity Transactions
- Estate, Trust, and Other Beneficiary Transactions
- Claims and Litigation
- Tax Matters
- Employment of Agents
- Gift Transactions, subject to limitations under Connecticut law
3. Duration
This POA is ☐ Durable ☐ Non-Durable, effective as of _______________ [Date], and, unless previously revoked, shall remain in effect:
- Until _______________ [Date], if non-durable; or
- Indefinitely, unless revoked, if durable.
4. Signature and Acknowledgment
IN WITNESS WHEREOF, the Principal has executed this Power of Attorney on this _______________ day of _______________, 20____.
___________________
Principal’s Signature
___________________
Agent’s Signature
This document was acknowledged before me on _______________ [Date] by _______________ [Name(s) of Signatory(ies)].
___________________
Notary Public
My Commission Expires: _______________
5. Acceptance by Agent
I, _______________ [Agent's Full Name], accept this appointment and agree to act and perform in good faith and according to the powers granted to me hereunder.
___________________
Agent’s Signature
Date: _______________
6. Third Party Reliance
Third parties may rely upon the representations of the Agent as to all matters relating to any power granted to the Agent, and no person who may act in reliance upon the representations of the Agent or the authority granted by the Principal shall incur any liability to the Principal or the Estate of the Principal as a result of permitting the Agent to exercise any power.
PDF Information
| Fact Name | Description |
|---|---|
| Authority Granted | The Connecticut Power of Attorney form allows an individual to designate another person to make financial and legal decisions on their behalf. |
| Governing Law | This form is governed by the Connecticut General Statutes, specifically Title 1, Chapter 13, which outlines the requirements and powers associated with a Power of Attorney. |
| Durability | The Connecticut Power of Attorney can be durable, meaning it remains effective even if the principal becomes incapacitated, unless stated otherwise in the document. |
| Revocation | The principal can revoke the Power of Attorney at any time, provided they are mentally competent to do so, by notifying the agent and any relevant third parties. |
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