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Limited Power of Attorney for Stock Transactions and Corporate Powers California Form

Limited Power of Attorney for Stock Transactions and Corporate Powers California Form

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hello this is rex crandall and the topic for today is what's the importance of a durable power of attorney and who needs one and it's part of a state planning series the there are several types of powers of attorney i'll cover them and then get into more detail how they relate to estate planning there's a general power of attorney that someone signs giving another person the authority to do anything that they need to to manage your assets sign contracts pay bills and the general power of attorney is void if you become incapacitated you become mentally incapacitated like alzheimer's and the general power of attorney is no longer effective there has to be special wording in the document that says that it survives incapacity otherwise it will not and will be voided at that point so you're appointing a principal you're the principal you're appointing an agent to act on your behalf and you decide how much authority you want to

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Limited power of attorney for stock transactions and corporate powers california form

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