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A Kentucky power of attorney document allows an individual to delegate power to someone else to handle and conduct their business or medical matters. These documents can be handy if an individual expects to be unavailable for an extended period, has a transaction that they'd prefer another person to manage for them, or wants the peace of mind that comes with having a person by their side making medical choices if they're unable to do so. It is critical that the individual is selected to take leadership to be a trustworthy person.
Advance Directive - A Kentucky advance directive is a document that tells a hospital how a patient wants to be taken care of and whether they have a healthcare agent to represent their wishes. An advance directive combines a medical power of attorney and a living will to create a document that specifies a person's end-of-life administration preferences. The form has to be signed following State legislation, with two eyewitnesses or a notary, and preserved in a readily accessible location for future use.
Durable (Statutory) Power of Attorney - A statutory power of attorney form in Kentucky allows an individual to delegate their authority to conduct financial transactions to someone else. The "principal" is the individual who transfers authority, while the "agent" or "attorney-in-fact" is the individual who receives the permission to act. This document is dubbed "durable" since the agent's authority persists even if the principal's psychological or physical abilities deteriorate.
General (Financial) Power of Attorney - The Kentucky General (Financial) Power of Attorney Form lets you choose someone to run your affairs on your behalf. Because they will have access to and authority over your fiscal matters, you must pick an attorney-in-fact with whom you have complete trust. This type differs from the durable type in that it becomes invalid if the principal is deemed psychologically incapable of making decisions for him or herself. Rather, utilize the Kentucky durable POA if you want a POA that stays effective after you become incapacitated.
Limited Power of Attorney - You can select a personal agent to manage a certain transaction using the Kentucky Limited Power of Attorney Form. To avoid being mistaken for a broader POA, the document should be crafted to be effective only for that transaction. As always, your representative must represent your best interests, so make sure you pick a person you can rely on.
Minor (Child) Power of Attorney - A parent should fill out the Kentucky Power of Attorney for Minor Child (Form AOC-796) to designate someone to make choices for their wards if they are unable to do it themselves. This document is useful if parents expect to be away from their wards for an extended period, if there is a chronic sickness that necessitates hospitalization, or if a military deployment is in the works.
Power of Attorney Revocation Form - When an individual wants to withdraw power of attorney, they should use the Kentucky Power of Attorney Revocation Form. Any form of power of attorney can be utilized with this document. It is critical that the principal not only fills out and signs this document, but also informs his/her representative and any other parties involved that the former power of attorney is being canceled. Else, if the representative and organizations are unaware that it has been canceled, they are not liable for continuing to act by its orders.
Real Estate Power of Attorney - A Kentucky Real Estate Power of Attorney Form is a document that a principal uses to give his or her chosen representative written authority to handle real estate in his/her name. The principal can potentially designate the agent to help with the transactions, running, and refinancing of real estate (based on the directives the principal outlines). The "agent" could be an organization, an experienced attorney, or even a person that the principal would want to manage a section or all of his/her real estate.
Motor Vehicle Power of Attorney - The Kentucky Motor Vehicle Power of Attorney Form is a sort of limited power of attorney that can only be utilized to deal with the Kentucky Bureau of Motor Vehicles with titling, documentation, and other private concerns surrounding a Kentucky car owner's vehicle.