General Power of Attorney Kentucky Form – Adobe PDF

License / Price: Free
Version: Adobe PDF (.pdf)
File size: 193 Kb
1 Star2 Stars3 Stars4 Stars5 Stars (45 votes, average: 3.00 out of 5)

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 watching over your investments. So in addition to being trustworthy, he or she should be capable of understanding and dealing with the totality of your financial world. It would be very helpful if that individual were to be available locally to maintain control in a hands-on manner.

It should be noted that in Kentucky, if you chose your spouse to be your Attorney-In-Fact, the agreement does not automatically end in the event of a divorce. You must revoke the document at any time that you are mentally competent, and the court will also do so if it is determined that you were under undue stress or not mentally competent when you signed it.

Authorize in front of a notary public or two (2) witnesses. Although, the document no longer becomes legal if and when the Principal can no longer think for his or herself.

  • If the principal and agent should want a document to be valid even if the principal should become incapacitated they should complete the durable form