Power of Attorney Washington State 8
Power of Attorney Washington State 1
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Power of Attorney Washington State 8
Power of Attorney Washington State 1

Power of Attorney Washington State

    A power of attorney grants an appointed agent in Washington state the legal authority or capacity to make decisions about your finances and health on your behalf. It becomes useful when you face unforeseen problems. This is why you must use our power of attorney Washington state template to authorize a trusted person to make decisions on account of the principal if they are incapable or unavailable to do so.

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Power of Attorney Washington State

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Life can be unpredictable, and it doesn’t hurt to be futuristic when it comes to making financial or health care decisions. For situations when life doesn’t work in your favor, a power of attorney can help you be back on track with the help of a trusted person or professional.

Let’s see what power of attorney in Washington State is like.

Given below is a rundown of components that will be included in the power of attorney form Washington state template:

 

    • Information sections for the details of the agent and the principal
    • Detailed stipulations of authorities to be granted to the agents
    • Laws that enable these authorizations to be delivered
    • Terms and conditions

What Is A Washington Power Of Attorney?

A Washington State power of attorney is a legal document that allows a relative, professional, or acquaintance to act as an agent of yours. A power of attorney agent grants the agent the power to work on your financial and health decisions on your behalf.

A power of attorney includes two parties, namely the agent and the principal. When both parties sign it, it allows the agent to make decisions of the principal on his/her behalf when he/she becomes incapable or unavailable to do so.

Embark On A Journey To Enjoy More Freedom With Our Power of Attorney Washington State Template

Empower yourself now by downloading our exclusive power of attorney form of Washington State template, prepared by our legal team.

Click below and save your copy of power of attorney Washington state form template.

How Does The Washington Power of Attorney Work?

The power of attorney Washington State works very flexibly. Unlike every other state requirement that the signing of power of attorney should be witnessed and notarized, Washington State has no such laws. However, it is still advisable to do so to make the power of attorney workable in any other state.

A Washington state power of Attorney can also be revoked easily by sending the Notice of Revocation in writing to your agent. Also, all other parties like a bank, physician office, school, etc. should be provided such notice to inform that the old power of attorney is not valid anymore.

Types of Washington Power of Attorney?

In Washington state, there are four types of power of attorney.

Non-Durable/General Power of Attorney

A non-durable POA or general POA grants the agent the authority to perform any action on behalf of the principal. It ceases to exist as soon as the purpose is solved, or the principal becomes incapacitated or dies.

Durable Power of Attorney

This is the most common type of POA in Washington State. It starts even before when the principal becomes incapacitated or unavailable and expires only upon the death of the principal. A durable POA can be a financial, medical, guardian, or any other form of the POA.

Special or Limited Power of Attorney

A special POA grants the agent the authority to perform only a specific act, and the POA ceases to exist as the purpose is solved. This could be selling a piece of property or another one-time banking or legal transaction.

Springing Power of Attorney

This POA can be both durable and non-durable. This particular POA becomes effective when a certain event for which the POA was made occurs in the future. This event could be when the principal becomes incapacitated, unavailable, or unable to perform the act themselves.

Why Is the Washington Power of Attorney Important?

Undoubtedly, there are various reasons why Washington's power of attorney is important and can provide future benefits.

Helps in estate planning

Having a financial power of attorney helps a great deal in estate planning in Washington. You know you will have your financial needs sorted if you have an active POA. Even in cases where the principal becomes incapacitated or unable to fulfill the requirements, the agent can act on the behalf and gets things done without the involvement of court proceedings.

Keeps your mind at peace

When you assign a person to make decisions on your behalf, it not only leaves your mind at peace but family members too. It also saves you from letting the court take your decisions in Washington. In the absence of POA, a court would require you to have a guardian or conservator which turns out to be a tiring and expensive process.

Makes the principal’s intent clear

Having a power of attorney form Washington while you are healthy avoids unnecessary fights within the family members about the principal’s intent in cases when the principal becomes incapacitated, bedridden, or unavailable. POA clarifies the principal’s wishes and who will act upon him/her.

Embark On A Journey To Enjoy More Freedom With Our Power of Attorney Washington State Template

Empower yourself now by downloading our exclusive power of attorney form of Washington State template, prepared by our legal team.

Click below and save your copy of power of attorney Washington state form template.

Washington Power of Attorney Requirements

The following are the requirements of the power of attorney form Washington State, according to RCW 11.125. 050:

  • A power of attorney should be dated and signed by the principal either before a notary or someone else authorized by law. Or it can be attested by two or more witnesses. The witness should not be the principal’s home care provider in any form or persons related by blood and marriage to principal and agent. The name of the witnesses should be subscribed to the POA in the presence of the principal or upon his/her direction of request.
  • Under the limitations of the law in Washington, the agent is not permitted to make any changes in the POA or makes changes in the beneficiary to the principal’s life insurance policy, trust agreement, etc. He is also not allowed to make gifts of any property of the principal.

This was all about Washington State POA. If you are looking for Washington Power of Attorney forms, CocoSign has got your back. We have an array of free printable power of attorney forms for Washington State. Check out now.

DOCUMENT PREVIEW

WASHINGTON DURABLE POWER OF ATTORNEY

 

On the ___ day of __________________, 20____ I, __________________, the principal, of __________________, State of __________________, hereby designate __________________, of __________________, State of __________________, my Agent (hereinafter my “Agent”), 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 Agent 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 Agent 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 AGENT

 

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

 

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

 

_________ BANKING

 - To receive and deposit funds in any financial institution, and to withdraw funds by check or otherwise to pay for goods, services, and any other personal and business expenses for my benefit.  If necessary, to effect my Agent’s powers, my Agent is authorized to execute any document required to be signed by such banking institution.

 

_________ SAFE DEPOSIT BOX - To have access at any time or times to any safe-deposit box rented by me or to which I may have access, wheresoever located, including drilling, if necessary, and to remove all or any part of the contents thereof, and to surrender or relinquish said safe-deposit box; and any institution in which any such safe-deposit box may be located shall not incur any liability to me or my estate as a result of permitting my Agent to exercise this power.

 

_________ LENDING OR BORROWING - To make loans in my name; to borrow money in my name, individually or jointly with others; to give promissory notes or other obligations therefor; and to deposit or mortgage as collateral or for security for the payment thereof any or all of my securities, real estate, personal property, or other property of whatever nature and wherever situated, held by me personally or in trust for my benefit.

 

_________ GOVERNMENT BENEFITS - To apply for and receive any government benefits for which I may be eligible or become eligible, including but not limited to, Social Security, Medicare and Medicaid.

 

_________ RETIREMENT PLAN - To contribute to, select payment option of, roll-over, and receive benefits of any retirement plan or IRA I may own, except my Agent shall not have power to change the beneficiary of any of my retirement plans or IRAs.

 

_________ TAXES - To complete and sign any local, state and federal tax returns on my behalf, pay any taxes and assessments due and receive credits and refunds owed to me and to sign any tax agency documents necessary to effectuate these powers.

 

_________ INSURANCE - To purchase, pay premiums and make claims on life, health, automobile and homeowners' insurance on my behalf, except my Agent shall not have the power to cash in or change the beneficiary of any life insurance policy.

 

_________ REAL ESTATE

 - To acquire, purchase, exchange, lease, grant options to sell, and sell and convey real property, or any interests therein, on such terms and conditions, including credit arrangements, as my Agent shall deem proper; to execute, acknowledge and deliver, under seal or otherwise, any and all assignments, transfers, deeds, papers, documents or instruments which my Agent shall deem necessary in connection therewith.

 

_________ PERSONAL PROPERTY - To acquire, purchase, exchange, lease, grant options to sell, and sell and convey personal property, or any interests therein, on such terms and conditions, including credit arrangements, as my Agent shall deem proper; to execute, acknowledge and deliver, under seal or otherwise, any and all assignments, transfers, titles, papers, documents or instruments which my Agent shall deem necessary in connection therewith; to purchase, sell or otherwise dispose of, assign, transfer and convey shares of stock, bonds, securities and other personal property now or hereafter belonging to me, whether standing in my name or otherwise, and wherever situated.

 

_________ POWER TO MANAGE PROPERTY- To maintain, repair, improve, invest, manage, insure, rent, lease, encumber, and in any manner deal with any real or personal property, tangible or intangible, or any interests therein, that I now own or may hereafter acquire, in my name and for my benefit, upon such terms and conditions as my Agent shall deem proper.

 

_________ GIFTS -  To make gifts, grants, or other transfers (including the forgiveness of indebtedness and the completion of any charitable pledges I may have made) without consideration, either outright or in trust to such person(s) (including my Agent hereunder) or organizations as my Agent shall select, including, without limitation, the following actions: (a) transfer by gift in advancement of a bequest or devise to beneficiaries under my will or in the absence of a will to my spouse and descendants in whatever degree; and (b) release of any life interest, or waiver, renunciation, disclaimer, or declination of any gift to me by will, deed, or trust

 

_________ LEGAL ADVICE AND PROCEEDINGS - To obtain and pay for legal advice, to initiate or defend legal and administrative proceedings on my behalf, including actions against third parties who refuse, without cause, to honor this instrument.

 

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

______________________________________________________________________

______________________________________________________________________

______________________________________________________________________

______________________________________________________________________

 

AUTHORITY OF AGENT: Any party dealing with my Agent hereunder may rely absolutely on the authority granted herein and need not look to the application of any proceeds nor the authority of my Agent as to any action taken hereunder. In this regard, no person who may in good faith act in reliance upon the representations of my Agent 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 Agent shall lawfully do under this instrument.  My Agent 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 AGENT: My Agent shall not incur any liability to me under this power except for a breach of fiduciary duty.

 

REIMBURSEMENT OF AGENT: My Agent is entitled to reimbursement for reasonable expenses incurred in exercising powers hereunder, and to reasonable compensation for services provided as Agent.

 

AMENDMENT AND REVOCATION: I can amend or revoke this power of attorney through a writing delivered to my Agent. 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 Washington.

 

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: ____________________

 

AGENT'S CERTIFICATION AS TO THE VALIDITY OF POWER OF ATTORNEY

AND AGENT'S AUTHORITY

 

State of ______________________

 

[County] of ______________________]

 

I, (Name of Agent), [certify] under penalty of perjury that ______________________ (Name of Principal) granted me authority as an agent or successor agent in a power of attorney dated ______________________, 20____.

 

I further [certify] that to my knowledge:

(1)  I am acting in good faith pursuant to the authority given under the power of attorney;

(2)  The principal is alive and has not terminated, revoked, limited, or modified the power of attorney or my authority to act under the power of attorney; nor has the power of attorney or my authority to act under the power of attorney been terminated, revoked, limited, or modified by any other circumstances;

(3)  When the power of attorney was signed, the principal was competent to execute it and was not under undue influence to sign;

(4)  All events necessary to making the power of attorney effective have occurred;

(5)  If I was married or a registered domestic partner of the principal when the power of attorney was executed, there has been no subsequent dissolution, annulment, or legal separation, and no action is pending for the dissolution of the marriage or domestic partnership or for legal separation;

(6)  If the power of attorney was drafted to become effective upon the happening of an event or contingency, the event or contingency has occurred;

(7)  If I was named as a successor agent, the prior agent is no longer able or willing to serve, or the conditions stated in the power of attorney that cause me to become the acting agent have occurred; and

(8)  ________________________________________________________________

_____________________________________ (Insert other relevant statements)

 

SIGNATURE AND ACKNOWLEDGMENT

 

________________________________________

Agent’s Signature

 

________________________________________

Date

 

________________________________________

Agent's Name Printed

 

______________________________________________________________________

 Agent's Address

 

________________________________________

Agent's Telephone Number

 

This document was acknowledged before me on ______________________, 20____.

 

by ________________________________________ (Name of Agent)

 

________________________________________

Signature of Notary

(Seal, if any)

 

My commission expires: ______________________, 20____

 

[This document prepared by: ______________________________________________]

 

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