A Limited Liability Company can execute a Power of Attorney document for nearly any business transaction, naming an Attorney-in-Fact to perform some or all functions or duties on behalf of the LLC.
Power of Attorney Questions
Answers to Frequently Asked Power of Attorney Questions
Is a Power of Attorney Document Drafted in One State Valid in Another if the Maker Has Moved?
A properly drafted, executed and notarized Power of Attorney document, containing the language necessary to appoint an Attorney-in-Fact for the principal, should be recognized in states other than the state where it was prepared and signed originally.
If I Get Sick, How Do I Outline My Healthcare Wishes with Your Power of Attorney Package?
Standard Legal’s Power of Attorney package does not contain ANY health care language.
The Power of Attorney legal forms software title focuses instead on handling the business affairs of the maker, either on-going or for a set period of time, and is effective immediately upon execution.
Instead, you should review Standard Legal’s Living Will legal forms software offering.
If My Sister Has Power of Attorney for My Unresponsive Father and She Won’t Deal with His Affairs, Can My Sister Sign Over Responsibility to Me?
If the maker of a Power of Attorney document (be it for health care or general management of business affairs) cannot consent to a change in the named Attorney-in-Fact, no other person has the authority or right to ‘transfer’ that responsibility to another, even another family member.
Can a Photocopied Power of Attorney Document Be Used for a Property Settlement?
In most cases, photocopies are sufficient.
Can an LLC Assign Power of Attorney to a Non-Director or Non-Member to Handle Its Business Affairs?
A Limited Liability Company does have the legal authority to appoint an individual as “Attorney in Fact” using a Power of Attorney document.
But there are two organizational specifics that must be reviewed prior to making such a determination for the LLC.
If a Second Power of Attorney Document is Created Naming a New Attorney-in-Fact, Does That Document Revoke the First One?
A Power of Attorney document is valid until it is revoked.
When two such documents are executed, the issue becomes whether or not the second document was intended to revoke and take precedence over the first one.
What is the Difference Between a Healthcare Power of Attorney and a Durable Power of Attorney?
These two documents are used for decidedly different purposes all together. A Power of Attorney for Healthcare (often called an ‘Advanced Healthcare Directive’ or a ‘Living Will’) covers a separate series of issues versus a Durable Power of Attorney.
Can an Attorney-in-Fact Name Someone to Have Co-Power of Attorney?
Power of Attorney cannot be assigned by the Attorney-in-Fact (the person granted the responsibility of Power of Attorney) named in the document to another person of his or her choice.
What is the Difference Between a General Power of Attorney and a Durable Power of Attorney?
There are some very important differences between the two types of Power of Attorney documents.