Kentucky power of attorney forms are beneficial when there may be a time in your life when, through illness, advanced age, or injury, you may become temporarily or even permanently incapacitated. If this happens, you may decide who can look after your finances, tax matters, and medical decisions.
In Kentucky, a Financial Power of Attorney and an Advance Directive are two (2) vital steps in estate planning that will ensure your wishes will be carried out in a time of crisis. Through the Financial Document, appoint someone you know and respect as your Attorney-In-Fact to direct your financial affairs. The Advance Directive consists of two documents, the Living Will and the Durable Power of Attorney for Health Care. The Living Will is a binding statement of under what circumstances you will and will not permit different medical procedures, and through the Durable Power of Attorney for Health Care you proactively name a Surrogate to make healthcare decisions for you when you cannot for yourself.
All power of attorney documents in relation to financial or medical matters must be signed with at least two (2) witnesses or be notarized.
Choose a financial agent to handle any and all monetary decisions on your behalf. The agent may not be compensated and must act in your best interests in every transaction. The form remains valid even if you can no longer think for yourself due to mental illness or health issues. The attorney in fact may have the power to act in any of the following…
Under the Kentucky General Financial Power of Attorney, the person you name as your Attorney-In-Fact is rarely an actual licensed attorney; most people choose their spouse, a relative or a close friend. This form does not remain valid if the principal should become incapacitated or mentally disabled. He or she will be responsible for, among other things, dealing with banks, the government, creditors, debtors, and…
Allows you to choose an agent to handle specific financial decision(s) on your behalf and in your best interest. The agent selected has a fiduciary duty to act in your best interests and the form usually cancels upon; Completion of the task of event At a specified time Incapacitation of the Principal In order for the form to be legal for use it must be…
Under the Health Care Power of Attorney portion of your Advance Directive, the person you appoint as your Surrogate cannot be anyone professionally involved in your health care, such as your physician. This provision doesn’t apply to close relatives, or to members of certain religious orders that you may belong to. The person you choose should share your basic views, follow your directions about health…
Form is in accordance with State statute 27A-095 that allows a parent to designate someone else to have health care and educational decision making powers on behalf of a minor child. The form is required to be signed in the presence of a notary public which can be found at any branch bank.
Allows a person paying taxes to the Kentucky Dept of Revenue to allow someone else to handle their State tax filing. Unlike other power of attorney forms in the State, this does not need to be notarized or witnessed by other persons. Once complete, the document will need to be attached to the tax filing went sent to the State. The State will also accept…
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