Alabama Limited Power of Attorney Form
An Alabama limited power of attorney enables a principal to state the powers they would like to give to their chosen agent. It is common for the agent to represent the principal when making choices or carrying out tasks involving their business or personal life. Buying a home, selling their car, or cashing checks on behalf of the principal are examples of when to use this form. It is recommended to fill out multiple forms if the tasks are not similar or have different deadlines.
A limited power of attorney differs from other main types as it is not long-lasting. The agent is also more restricted as they must follow the exact wishes of the principal.
In comparison, a durable power of attorney remains in effect even if the principal dies or becomes incapacitated. A medical power of attorney allows an agent to make health-related decisions for the principal. Lastly, a general power of attorney is used for financial-related matters, although it becomes null if the principal becomes mentally disabled or passes away.
The principal can terminate any of the agreements by completing an Alabama revocation form. To protect themselves further, the principal can send the signed documents to banks or businesses so they know the agent can no longer act on their behalf.
While it is possible to revoke the agreement, it is important to select an agent that is trustworthy from the start. Additionally, the principal should be very specific when writing the terms. Following these steps will ensure that the agent fulfills their duties as desired.
Signing requirements (§ 26-1A-105): Must be notarized.