Under South Carolina power of attorney laws, a resident can name a person make any type of financial decision on your behalf, in your best interest, and you receive all the proceeds. While seldom an actual attorney, the person that represents you needs to be someone who you trust to do everything from paying simple bills to managing your investments. An important factor in the…
South Carolina Power of Attorney Forms
Power of attorney forms in South Carolina allow for the medical and/or financial representation of another person. All actions and decisions made on behalf of the principal must be done in the best interests and to the sole benefit of the person being represented.
In the chance of incapacitation by the principal, there are two forms that may be selected, known as ‘durable’, that remain in effect during the time of mental incapacity. Therefore it is recommended that if you or are loved one is entering elderly age, to assign someone you can trust this designation so that your full rights will be represented to monetary related decisions and medical care. Under South Carolina law (Title 62 Article 5 – South Carolina Probate Code) a power of attorney document must be acknowledged by a notary public and signed with at least two (2) witnesses.
The South Carolina general power of attorney form allows for the financial representation of a resident without the use of durability, meaning the form terminates upon the principal’s incapacitation. The form is common among business partners to be able to act for the other’s benefit if the other is out of the area and may have someone be able to sign important documents on their…
This is a legal document that lets you address specific and limited monetary powers that you wish to grant an agent (known as an Attorney-in-Fact). The document may not be configured as durable, also known as being is a state of incapacitation, and the form becomes void at the completion of the assigned task or at an expiration date stated in the form. In order…
As per State Law (62-5-504), the medical power of attorney form for South Carolina allows you to choose a surrogate to handle your health care facility and treatment options in the chance you cannot make them yourself. The most common selection for the surrogate is your spouse, relative, or close friend. As the person selected is not paid other than expenses reimbursed for lodging and…
As per State statute 12-60-90, the document gives a person you name to handle and file your taxes with the South Carolina Department of Revenue. It is advised to choose a tax professional as any errors made in the filing will ultimately be the responsibility of the principal. Unlike other power of attorney documents in South Carolina, the form does not need to be witnessed or…