Tuesday, May 8, 2018

Top Things to Consider Before Authorizing an Agent with Power of Attorney


When you create a free Power of Attorney Form, it is to ensure that your interests are satisfied. But you have to appoint the right individual to bestow authority to. You need to consider the following factors before authorizing a person to be your agent and act on your behalf for a transaction, business or work. Please visit this site to get a sample power of attorney form in Alaska.

Age


You have to consider how old the agent is, prior to the transfer of power, given that in most states delegates must be at least 18 years in age. In some states, the minimum age is 21 years. The age requirement varies according to the federal and state requirements.

 

Competency


Check whether the agent is a competent person, and has enough intelligence for transacting authorized transactions or business that is appointed to him. The delegate must be knowledgeable about the financial and legal matters that you wish to entrust him with. You should evaluate the management and organizational capability of the agent, and his ability to organize and manage every document associated to the business or transactions that he is supposed to conduct on your behalf.

Reliability


You should ensure that the agent is a reliable person and lives nearby – so that frequent interactions are possible. He should also have enough time to spare for managing your work. You have to appoint a delegate who can maintain your privacy and ensure that all of your financial / trade / legal / medical secrets remain confidential. He should not be someone who misuses the power that you bestow on him.

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