Tennessee General (Financial) Power of Attorney Power of Attorney Forms

Tennessee General (Financial) Power of Attorney

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A Tennessee General (Financial) Power of Attorney Form allows an individual (the principal) to designate another person (the agent) to handle the principal's financial affairs and assets on their behalf. This authority will terminate automatically should the principal be declared incompetent or become incapacitated in any way.

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Signing Requirements

No laws; however, it is recommended to be signed in the presence of two witnesses or a notary public.

Laws

Durable - A power of attorney is durable if it contains the words "This power of attorney shall not be affected by subsequent disability or incapacity of the principal," or "This power of attorney shall become effective upon the disability or incapacity of the principal," or similar words showing the intent of the principal that the power of attorney is durable.<a class="source-url" href="#source-url1">[1]</a>

Person with a disability - Means any person eighteen 18 years of age or older determined by the court to be in need of partial or full supervision, protection, and assistance by reason of mental illness, physical illness or injury, developmental disability, or other mental or physical incapacity.<a class="source-url" href="#source-url2">[2]</a>

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Notice

The information and templates provided on this website are for general informational purposes only and are not a substitute for professional legal advice. While we strive to offer accurate and up-to-date forms, the legal landscape is complex and varies by jurisdiction. We strongly recommend that you consult with a qualified attorney for specific legal issues or questions. Using our templates does not create an attorney-client relationship, and we are not responsible for any actions taken based on the information provided here.

The Significance of POA

By designating an agent, the principal can ensure that someone they trust will make decisions regarding their finances, healthcare, and legal matters. This can help prevent disputes among family members and ensure timely decision-making when needed. Additionally, having a POA in place can protect an individual’s interests, allowing for smooth management of affairs without the need for court intervention. Overall, a POA is a vital tool for planning and safeguarding one's future.