Power of Attorney Form Indiana 9
Power of Attorney Form Indiana 1
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Power of Attorney Form Indiana 8
Power of Attorney Form Indiana 9
Power of Attorney Form Indiana 1

Power of Attorney Form Indiana

    Get started with us now and assign power of attorney to anyone you want in Indiana. We are always ready to facilitate the transfer of control of attorney rights from one person to another in Indiana. Use our power of attorney form Indiana template and authorize a trusted person/organization to make important decisions about your finances, life, business, and future. Moreover, our form template is free and helps you transfer power of attorney smoothly.

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Power of Attorney Form Indiana
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Power of Attorney Form Indiana

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Indiana Power of attorney form is a document that allows a person to authorize someone else to make appropriate decisions or actions for him/her, especially about financial or medical matters. The person authorizing the decision-making power to another person is known as the ‘principal.’ In contrast, the person who now receives the power to make decisions for the principal is called an ‘agent’ or ‘attorney-in-fact.’

Every state has its own requirements and processes to file and complete a power of attorney document. This post will provide a detailed guide regarding the power of attorney and its requirements in the state of Indiana.

Here are some of the essential components of our template of power of attorney form Indiana:

    • Customization Options
    • Separate sections for power authorization, cancellation, etc.
    • Details about both the principal and the agent
    • Terms and conditions
    • Power of attorney commencement and expiry date

What is an Indiana Power of Attorney?

A power of attorney form Indiana serves as a legally valid document for the principal to let another trusted person – an agent – to make decisions or act on his/her behalf. But there are different types of power of attorney which further explain when, how, and under what conditions the agent can act in place of the principal and what the agent can and cannot do.

Durable POA

A durable power of attorney Indiana stays in effect indefinitely unless the principal revokes it. It will also be revoked upon the death of the principal.

Non-durable POA

Usually, non-durable POAs have an expiry date or condition set by the principal, or they get revoked automatically when the principal becomes incapacitated.

Springing POA

When the principal prepares a POA that doesn’t come into effect immediately but is activated by a specific event or condition in the future, it’s known as a springing POA. While durable and non-durable POAs relate to how long power of attorney remains effective, a springing POA determines when it will come into effect.

Financial POA

A financial power of attorney allows the agent to make financial decisions for the principal, such as filing taxes, managing personal and professional finances, making payments, or signing important financial documents. The principal can and should specify in clear words what decisions and actions the agent is allowed to make.

Medical POA

Medical POAs allow the agent to make healthcare decisions for the principal. These are mainly used by aging people who can no longer look after themselves, or people suffering from serious illnesses that can incapacitate them at any point in time.

Assign Control Rights Fast Using Our Power of Attorney Form Indiana Template

Download our carefully designed power of attorney form template Indiana style and safely transfer the power of attorney rights to the person or organization you trust. We ensure peace of mind and ease during the power of attorney transfer process in Indiana.

Download power of attorney form template Indiana from below.

What To Include In An Indiana Power Of Attorney Form?

When preparing a power of attorney Indiana, the principal must have a POA form which needs to be filled up with the following information:

  • Names and addresses of both the principal and the agent
  • The main body of the POA has a list of all decisions, actions, and powers that the principal can transfer to the agent. The principals must fill their initials in front of those sections that they wish to grant authority to their agent.
  • Effective and expiry date of the POA
  • Signature of the principal along with the date when it’s signed
  • Signature of the agent
  • Signature of two witnesses and a notary

Benefits Of Having The Indiana Power Of Attorney

There are different benefits of using an Indiana power of attorney, depending on what you wish to use the document for.

  • Businessmen can use the POA to appoint a representative to file taxes for them and act on their behalf when they are unable to attend important business events.
  • Aging people or those suffering from grave illnesses can appoint a family member or trusted person to make health decisions for their well-being if they become unable to do so themselves.
  • People involved in real estate can have their agents make property dealings – be it buying, selling, or leasing – on their behalf.

In general, the main benefit of a power of attorney is that even when you are physically absent or incapacitated, it allows your agent to work and make decisions for you.

Indiana Power of Attorney Requirements

For a power of attorney document to be filed and legally accepted in the state of Indiana, the following requirements must be met:

  • The document must be in writing or print. If the POA is for tax purposes, it must be submitted to the Department of Revenue through mail or fax, along with the original hard copy.
  • It must include the name of the agent and principal.
  • The principal must sign it in front of a notary.
  • If the principal is unable to sign the document himself/herself due to disability, he/she can choose a representative to sign it instead. The principal and representative must both be present before a notary while signing.
Assign Control Rights Fast Using Our Power of Attorney Form Indiana Template

Download our carefully designed power of attorney form template Indiana style and safely transfer the power of attorney rights to the person or organization you trust. We ensure peace of mind and ease during the power of attorney transfer process in Indiana.

Download power of attorney form template Indiana from below.

Frequently Asked Questions (FAQs)

  • When will the power of attorney be revoked?

    A non-durable power of attorney is revoked upon reaching its expiry date or condition. Both durable and non-durable power of attorneys can be revoked any time by the principal, and are automatically terminated upon the death of the principal.

  • Can I name a company or organization as my agent in the POA?

    A company or organization cannot be named as an agent in a POA. Only a person can be appointed as an agent.

  • Can my agent file taxes for me?

    Yes, once you have correctly filed the POA and submitted it to the Department of Revenue, your agent can file taxes for you or your organization.

A power of attorney is an important document and includes a lot of information. But having a readymade POA template makes the process a lot simpler. At CocoSign, you can instantly access the Indiana Power of Attorney form, along with hundreds of templates on different types of POA for various states.

DOCUMENT PREVIEW

INDIANA DURABLE POWER OF ATTORNEY

 

On the ___ day of __________________, 20____ I, __________________, the principal, of __________________, State of __________________, hereby designate __________________, of __________________, State of __________________, my attorney-in-fact (hereinafter my “attorney-in-fact”), to act as initialed below, in my name, in my stead and for my benefit, hereby revoking any and all financial powers of attorney I may have executed in the past.

 

EFFECTIVE DATE

 

(Choose the applicable paragraph by placing your initials in the preceding space)

 

________ - A. I grant my attorney-in-fact the powers set forth herein immediately upon the execution of this document. These powers shall not be affected by any subsequent disability or incapacity I may experience in the future.

 

or

 

________ - B. I grant my attorney-in-fact the powers set forth herein only when it has been determined in writing, by my attending physician, that I am unable to properly handle my financial affairs.

 

 

POWERS OF ATTORNEY-IN-FACT

 

My attorney-in-fact shall exercise powers in my best interests and for my welfare, as a fiduciary. My attorney-in-fact shall have the following powers:

 

(Choose the applicable power(s) by placing your initials in the preceding space)

 

______ - Incorporation of powers; references; similar or overlapping powers; modification as referenced in § 30-5-5-1 of the Indiana Code.

 

______ - Real property transactions as referenced in § 30-5-5-2 of the Indiana Code.

 

______ - Tangible personal property transactions as referenced in § 30-5-5-3 of the Indiana Code.

 

______ - Bond, share, and commodity transactions as referenced in § 30-5-5-4 of the Indiana Code.

 

______ - Retirement plans as referenced in § 30-5-5-4.5 of the Indiana Code.

 

______ - Banking transactions as referenced in § 30-5-5-5 of the Indiana Code.

 

______ - Business operating transactions as referenced in § 30-5-5-6 of the Indiana Code.

 

______ - Insurance transactions as referenced in § 30-5-5-7 of the Indiana Code.

 

______ - Transfer on death transfers as referenced in § 30-5-5-7.5 of the Indiana Code.

 

______ - Beneficiary transactions as referenced in § 30-5-5-8 of the Indiana Code.

 

______ - Gift transactions as referenced in § 30-5-5-9 of the Indiana Code.

 

______ - Fiduciary transactions as referenced in § 30-5-5-10 of the Indiana Code.

 

______ - Claims and litigation as referenced in § 30-5-5-11 of the Indiana Code.

 

______ - Family maintenance as referenced in § 30-5-5-12 of the Indiana Code.

 

______ - Benefits from military service as referenced in § 30-5-5-13 of the Indiana Code.

 

______ - Records, reports, and statements as referenced in § 30-5-5-14 of the Indiana Code.

 

______ - Powers of attorney in fact under language conferring general authority with respect to electronic records, reports, and statements as referenced in § 30-5-5-14.5 of the Indiana Code.

 

______ - Estate transactions as referenced in § 30-5-5-15 of the Indiana Code.

 

______ - Health care powers; religious tenets; funeral planning declaration as referenced in § 30-5-5-16 of the Indiana Code.

 

______ - Consent to or refusal of health care as referenced in § 30-5-5-17 of the Indiana Code.

 

______ - Delegation of authority as referenced in § 30-5-5-18 of the Indiana Code.

 

______ - All other matters as referenced in § 30-5-5-19 of the Indiana Code.

 

SPECIAL INSTRUCTIONS: On the following lines are any special instructions limiting or extending the powers I give to my attorney-in-fact (Write “None” if no additional instructions are given):

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

 

AUTHORITY OF ATTORNEY-IN-FACT:

 Any party dealing with my attorney-in-fact hereunder may rely absolutely on the authority granted herein and need not look to the application of any proceeds nor the authority of my attorney-in-fact as to any action taken hereunder. In this regard, no person who may in good faith act in reliance upon the representations of my attorney-in-fact or the authority granted hereunder shall incur any liability to me or my estate as a result of such act. I hereby ratify and confirm whatever my attorney-in-fact shall lawfully do under this instrument.  My attorney-in-fact is authorized as he or she deems necessary to bring an action in court so that this instrument shall be given the full power and effect that I intend on by executing it.

 

LIABILITY OF ATTORNEY-IN-FACT: My attorney-in-fact shall not incur any liability to me under this power except for a breach of fiduciary duty.

 

REIMBURSEMENT OF ATTORNEY-IN-FACT: My attorney-in-fact is entitled to reimbursement for reasonable expenses incurred in exercising powers hereunder, and to reasonable compensation for services provided as attorney-in-fact.

 

AMENDMENT AND REVOCATION: I can amend or revoke this power of attorney through a writing delivered to my attorney-in-fact. Any amendment or revocation is ineffective as to a third party until such third party has notice of such revocation or amendment.

 

STATE LAW: This Power of Attorney is governed by the laws of the State of Indiana.

 

PHOTOCOPIES: Photocopies of this document can be relied upon as though they were originals.

 

IN WITNESS WHEREOF, I have on this ____ day of __________________, 20____, executed this Financial Power of Attorney.

     

__________________________________

Principal’s Signature 

 

NOTICE: THE PRINCIPAL’S SIGNATURE MUST EITHER BE SIGNED WITH TWO (2) WITNESSES PRESENT OR ACKNOWLEDGED BY A NOTARY PUBLIC.

 

 

We, the witnesses, each do hereby declare in the presence of the principal that the principal signed and executed this instrument in the presence of each of us, that the principal signed it willingly, that each of us hereby signs this Power of Attorney as witness at the request of the principal and in the principal’s presence, and that, to the best of our knowledge, the principal is eighteen years of age or over, of sound mind, and under no constraint or undue influence.

 

________________________________________

Witness’s Signature     

 

________________________________________

Address

      

_________________________________________   

Witness’s Signature    

 

________________________________________

Address    

  

 

 

STATE OF __________________

 

__________________ County, ss.

 

 On this ____ day of __________________, 20____, before me appeared ____________________, as Principal of this Power of Attorney who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that (s)he executed the same as his/her free act and deed.

      ____________________

      Notary Public 

      

My commission expires: ___________

 

SPECIMEN SIGNATURE AND ACCEPTANCE OF APPOINTMENT

 

I, ____________________, the attorney-in-fact named above, hereby accept

appointment as attorney-in-fact in accordance with the foregoing instrument.

    

 

 

 

______________________________

       

Attorney-in-Fact’s Signature

 

 

 

STATE OF __________________

 

__________________ County, ss.

    

 

On this ____ day of __________________, 20____, before me appeared ____________________, as Attorney-in-Fact of this Power of Attorney who proved to me through government issued photo identification to be the above-named person, in my presence executed the foregoing acceptance of appointment and acknowledged that (s)he executed the same as his/her free act and deed.

      

 

____________________

      Notary Public 

      

My commission expires: ___________

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