GLOSSARY |
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The person that is granted power in a power of attorney form. Sometimes referred to as the Attorney-in-Fact.
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ATTORNEY-IN-FACT
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The person that is granted power in a power of attorney form. Sometimes referred to as the Agent.
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The Most Common type of Power of Attorney Form. The Durable Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for "all powers permitted by law". Durable Power of Attorney is VALID if Principal becomes incapacitated.
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The General Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for "all powers permitted by law". General Power of Attorney is VOID if Principal becomes incapacitated.
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The Limited Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for a specific matter. Limited Power of Attorney is VOID if Principal becomes incapacitated.
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The Medical Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") for medical purposes only. Medical Power of Attorney lets you choose a
trusted person to set out the wishes for health care in the event of an
illness where you cannot speak for yourself.
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The Springing Power of Attorney Form grants authority from one person ("Principal") to another ("Attorney-in-Fact") only if a specified event happens in the future. This form is outlawed in Florida.
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A Person with legal training that who is licensed by the State to preform acts in legal affairs, especially witnessing signatures on documents.
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The principal is the person who will be granting someone else to act on his or her behalf in a Power of Attorney.
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