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Does a Limited Power of Attorney Need to Be Notarized?
The grant of a power of attorney (POA) means the grantor authorizes the grantee to act on their behalf. That's the simple definition, but the topic becomes somewhat confusing due to multiple variations on the basic grant. A power of attorney can be comprehensive or limited, durable or with a defined endpoint, and customized to suit the principal's needs.
What Is The Purpose Of A Cy Pres Doctrine?
The Cy Pres doctrine is a legal principle crucial in various legal and charitable contexts. It originated from the French phrase "cy pres comme possible," meaning "as near as possible." Still, it has evolved and expanded to serve a variety of purposes. Now, courts use the doctrine when a charitable objective cannot be fulfilled as initially planned.
What is Alternative Asset Management?
Traditionally, investment portfolios have included stocks, bonds, and cash. The widely accepted MPT (Modern Portfolio Theory) expounded a mathematical framework for building a portfolio of stocks and bonds that maximizes expected return in accordance with an individual's acceptance of risk. Someone willing to accept more risk would choose a portfolio weighted toward stocks. For a risk-averse investor, the portfolio would contain more fixed-income products like bonds. The default weighting for a portfolio was long ago set at 60 percent stocks and 40 percent income. This division is notably successful over long periods, but other configurations can also be favorable.
How to Activate Springing Power of Attorney
Some people rest easier knowing they are prepared for unexpected incidents that could leave them unable to take care of themselves. Others prepare for adverse conditions in their future as they age by creating an estate plan that includes a springing power of attorney.
Alternative Trading Systems: An Overview for Investors
Alternative Trading Systems (ATS) offer a different avenue for trading securities than traditional exchanges, serving as regulated platforms that connect potential buyers and sellers. While they function similarly to national securities exchanges in matching orders, they are not classified as such. Unlike national securities exchanges, they provide a less formal, more flexible market structure. Although under the regulation of the SEC, an ATS maintains its unique identity by operating under its own set of rules, creating a niche marketplace for certain types of securities. It is noteworthy, however, that an ATS can apply to the SEC to upgrade its status to a national securities exchange if it wishes to adhere to more formal structures.
How to Get a Medical Power of Attorney
A medical power of attorney (MPOA) is one of several types of power of attorney (POA) designation. Each POA is unique, but in each case, assigning a POA to someone gives them the authority to act on your behalf. Some POA designations are comprehensive and durable, while others are strictly limited. Many people use this tool for financial purposes, but the medical POA allows the designated individual to make medical decisions on your behalf. The authority might be immediate or take effect in the future, typically when the conferring person can’t act on their own.
How Long Does a Limited Power of Attorney Last?
When you grant someone a power of attorney, you trust that person with the authority to act on your behalf and to represent you and your wishes. There are numerous versions of power of attorney (POA) grants, and the topic can be a bit confusing. Let’s outline the variations and consider which options may suit your needs.
Does a General Power of Attorney Need to Be Registered?
The term “power of attorney” sounds like you need a lawyer to be involved. However, typically, a POA is granted and used without the need for lawyers. Giving a power of attorney to someone means that you are conferring on that person the authority to act on your behalf.
How to Get an Emergency Power of Attorney
Major life changes often affect someone’s ability to properly manage their personal and financial affairs. A debilitating stroke, motor vehicle accident, or even incarceration can leave a loved one, relative, or close friend unable to take care of important matters or make sound decisions that affect their lives.
Can a General Power of Attorney Be Revoked?
Establishing power of attorney with a trusted relative, business associate, or financial professional can be helpful if a situation arises where you aren’t able to care for yourself, such as the onset of a serious illness or following a serious car accident.
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