Getting too tired of handling the legal requirements of your day to day life? There are certain situations that we come across in life where it becomes important to use the help of someone else for fulfilling legal requirements.
This is when you have to trust someone else to handle those matters for you with better experience and knowledge. This could be your finances, your medical treatment decisions, or simply appointing a guardian.
This is when the Power of Attorney comes into being.
What is a Maryland Power of Attorney?
In general, a power of attorney is a legal document that binds two parties, namely the agent and the principal, in an agreement. An agent is someone given the authority to perform on behalf of the incapacitated person. A principal is the one on whose behalf the agent works.
The principal may find the need of such an agent when he/she is incapable and unavailable to do so by himself/herself. The Maryland power of attorney works in a certain way and has its own rules compliant with the Maryland laws.
How Does Maryland Power Of Attorney Works?
A power of attorney Maryland works quite smoothly after the Power of Attorney Act was introduced in 2010. The agent representing your POA documents should present the original documents when acting on your behalf.
The agent is responsible for making the POA documents be it financial, medical, or legal, and present it to the bank or healthcare representative. The agent has to sign the POA documents followed by ‘Attorney in fact for your name.’
Types of Maryland Power of Attorney
When it comes to power of attorney forms Maryland, you are likely to hear two words springing and non-springing power of attorney.
- Springing/ General POA
This is the most common form of POA that is signed and notarized but is executed only when the principal is incapacitated or unavailable.
- Non-springing / Durable POA
A durable or non-springing POA is executable even after the incapacitation of the principal. A DPOA gives the authority to the agent to make the life decisions for the principal on his/her behalf. It also gives the agent authority to make decisions related to medications and if the principal should be put off from the life-supporting machines as well.
- Healthcare POA
In Maryland, there is also a third type of power of attorney known as healthcare POA. This POA is both durable and springing in nature. It gives authority to the agent to make all healthcare treatment decisions when the principal is unavailable or unable to do so.
The various other types of Maryland power of attorney forms include minor power of attorney form, power of attorney revocation form, real estate power of attorney form, and limited power of attorney form.
Why Is The Maryland Power Of Attorney Important?
It is highly important and favorable in the interests of the Maryland-based principal to get Maryland power of attorney in certain circumstances. Life is unpredictable, and the fear of losing your hard-earned wealth without a financial handler is the last thing you want.
- Keeps your finances secured
Power of attorney is important to handle your finances, taxes, healthcare issues, and much more in case you become incapable of doing so. It provides future safety to your finances.
- Helps in gaining guardianship/ conservatorship
A well-drafted Maryland power of attorney is helpful if you need to obtain guardianship to help manage your decisions and handle your life affairs. If you don’t have a power of attorney and become incapacitated in the future, the only way to gain guardianship/ conservatorship is through filing a court petition, which can turn out to be an expensive and time-consuming process.
Maryland Power Of Attorney Requirements
For Maryland power of attorney, certain requirements need to be fulfilled by the principal to make the legal document valid.
- The principal should be more than 18 years old
- The principal should have the intention to give powers to the designated person
- The principal should be mentally sound
Here are the legal requirements of Maryland POA:
- The POA should be signed by the principal. If the principal is incapable or unable to sign, any other person in the direction of the principal should sign the documents on behalf of the principal in his/her presence.
- The POA should be signed by one adult witness or more. Notary public can serve as one of the two adult witnesses.
- The POA should also be signed by the notary public or someone authorized to administer the oaths. Such a person cannot be one of the witnesses.
- All the parties involved should be present when each of the above-mentioned parties sign.
If you are a principal or agent and looking for Maryland Power of Attorney forms, there is hardly any way you can create it yourself. Isn’t it? Cocosign comes to your rescue. You can find numerous templates for the Power of Attorney form Maryland on and other forms of Power of Attorney forms on CocoSign. These templates are easily downloadable, printable, and customizable.
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