Sign California Banking POA Free

Industry sign banking california poa free

hi this is Jim Cunningham and I'm gonna walk you through the uniform statutory form power of attorney this is a document that is in the California Probate Code and this covers things like powers of attorney wills and advanced healthcare directives so this is very important this is a very very important document and on a very high level this document if you sign this document whoever you name as your agent your attorney in fact not a lawyer attorney in fact means agent the person acting on your behalf who's who's not you know necessarily a lawyer this is a very important document so whoever you name steps into your shoes and can do whatever you can do legally with your money with your property so take this one step at a time please give this careful consideration if you have any questions any uncertainty any gut you know just I'm not sure about this please reach out to a qualified lawyer who can help you with this and give you the proper legal counsel so this is a two-page form very straightforward form and it says I , and there's a blank now I wrote in here to show you an example I wrote in Will Smith and Will Smith obviously if your name is Will Smith and right Will Smith but your premium probably isn't Will Smith you're gonna write your name you're not gonna write Will Smith's name in this in this section so write your name and then after you after your name the next blank in there is the person or people that you're appointing so in this case I wrote Jada Pinkett Smith who is wills spouse but you could certainly put two people in there okay and we'll talk about how you deal with that a little bit later so you put the name in the address it's important to put the address because it's the address typically that goes with the photo ID so that when Jada pinkett-smith takes this durable power of attorney to an institution they'll be able to connect the dots and make sure that that it's really her so this power of attorney grants certain powers and the powers are listed here and I'm going to go through each one of these briefly but this is very important so you can pick and choose or what you've done here Will Smith he's signed all of the powers but power a is real property transactions that's buying and selling real estate that's you know dealing with rental property that sort of thing tangible personal property is all your stuff stock and bond and commodity and Option transactions are typically with your investment advisor banking and other financial institution transactions that's going to be Jada can take this power of attorney down to the bank and access wills bank accounts it's a pretty powerful document business operating transactions Jada can step in to will shoes and handle his business operations insurance and annuity transactions so she would have access to all of that information and be able to make decisions about investments estate trusts and other beneficiary transactions this means that Jada would be able to make decisions about wills inheritance or his trusts or beneficiary designations potentially on assets so very very very broad authority claims in litigation that's if you're pursuing or defending a lawsuit personal and family maintenance that's just dealing with all the you know personal stuff feta federal benefits and or governmental benefits and then retirement plan transactions you can think 401k IRA tax matters this would be filing a typically filing a tax return so you can pick and choose what you want or you can just check all I will tell you for vote most of my clients vast majority of my clients within the context of doing the will and powers of attorney most people choose item number n is in November most people don't pick and choose but you certainly can and again this is where you may want to take a pause and get some legal advice on this before you just jump in and sign it special instructions you can certainly give special instructions here please make them clear I here we've chose to chosen not to put any in there and then unless you direct otherwise this power of attorney is effective immediately so you could write in they're not effective until I become incapacitated or not effective until a doctor says I can't handle my affairs but the way this forum is written is it is immediate and it does continue even though will becomes incapacitated now it's very important to understand that a durable power of attorney durable power of attorney for property when the person who grants the power dies this power of attorney goes away and you got to look at other documents so it's very important it's very common misunderstanding with powers of attorney think of them as dying with the person who makes the power of attorney and then we come down here to if you have designate designated more than one agent well you're either gonna have them act jointly or separately separately means either/or so either one of them can act jointly means they both must act so if you do appoint more than one agent you're gonna want to clarify that in Knox we then have the signing date of April 1st Will Smith has signed this state of California County of Los Angeles now this is very important a durable power of attorney for property must be acknowledged before a notary public this is also known as notarization so it's very important to have this notarized otherwise it's not a valid durable power of attorney because a power of attorney a durable power of attorney for property does require a notarization and in this particular case it's best if you go to the notary and sign this in front of the notary now it's legally technically not required to sign it in front of the notary but it's best practices to sign the document in front of the notary and that is the durable power of attorney for property