A power of attorney (or POA) is a legal document that gives someone you have chosen the authority to act on your behalf. In Reno Nevada, the person who creates the power of attorney is called the “principal.” The person you choose to act on your behalf is called the “agent,” or the "attorney-in-fact." Two types of powers of attorney in Reno Nevada are most commonly used. One to handle medical needs and the other to manage financial needs. For example, you could create a power of attorney to … [Read more...] about Power of Attorney in Reno Nevada: What Are the Formalities of Signing a POA?
power of attorney in reno nevada
There are different types of powers of attorney. They each have their own purpose and transfer varying levels of authority to the agent. A “durable” power of attorney stays in effect even after you have become incapacitated. Any other type of power of attorney will terminate automatically if you lose your mental capacity. Common examples of durable powers of attorney are ones that relate to financial or medical affairs. According to the statutory law in Nevada, an “agent” (sometimes referred … [Read more...] about Who Can Serve as an Agent Under a Power of Attorney in Reno Nevada?