Dec
Virginia Durable Power of Attorney Effective Immediately
Virginia Durable Power of Attorney Effective Immediately
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Durable Power of Attorney (Effective Immediately) - Allows an individual (called the “Principal” or “Grantor”) to authorize someone else (called the “Attorney-in-fact” or “Agent”) to act on his or her behalf. This Durable Power of Attorney document becomes effective immediately upon signing and stays in effect even if the Principal later becomes incapacitated or disabled.
This particular Form becomes effective immediately and remains in full force and effect even if the Principal (i.e. the Grantor) later becomes incapacitated.
Among others, this form includes the following provisions:
• Principal’s and Agent’s name and address: Identifies the Principal and the Agent
• Power to enter binding contracts on Principal’s behalf: Grants the Agent the power to enter contracts for the Principal
• Power to maintain, manage, and insure Principal’s property: Allows the Agent to take care of the Principal’s property
• Power to make gifts and charitable contributions of Principal’s property: Provides for Agent being able to make gifts on Principal’s behalf
This attorney-prepared packet includes:
(1) Instructions & Checklist for Durable Power of Attorney Effective Immediately
(2) Information for Durable Power of Attorney Effective Immediately
(3) Durable Power of Attorney Effective Immediately
State Law Compliance: Designed for use in Virginia
