As per Vermont power of attorney law, Title 14 – Chapter 123, which allows a resident to appoint an individual to handle financial (personal and real property), health care, and tax filing actions on the principal’s behalf. Under 14-3508, a person may also choose the same person to become their durable agent, meaning if the principal becomes under mental incapacity where they may no longer think for themselves, the form remains in effect.
In order to create a power of attorney document, choose the form(s) that best fit your needs and completely fill it out with your intentions for the agent to follow. Once complete, the form(s) will need to either be signed with at least two (2) witnesses or a notary public.
The Vermont durable power of attorney allows a representative, known as an Agent or Attorney-in-Fact to manage your financial affairs. The individual selected may conduct anything from simple bill paying to shepherding your investments. The person being represented, known as the Principal, should know that this form remains in effect if he or she should become incapacitated. When making the decision of who to choose,…
The Vermont general power of attorney document allows a resident grants the same rights and responsibilities to their financial affairs as the durable form except that the general document does not remain valid if the principal should become mentally disabled. This form is used commonly among business partners as a tool for when one may be out of the area or not able to conduct…
The Vermont limited power of attorney allows a resident to grant specific powers and responsibilities to someone else. The form usually voids after completion of the assigned monetary task or at an expiration date specified by the principal in the document. The form may be used for any legal financial act in the State ranging from closing on a real estate transaction to picking up…
Under Vermont law, Title 18 – Chapter 231, it allows a resident to elect a health care surrogate to have unrestricted access to make medical decisions, treatments, and view records in order for the best interest of the principal. The surrogate chosen may not be compensated for their actions other than reimbursement for basic expenses such as food, travel and lodging. Medical Power of Attorney…
Also known as Form PA-1, the tax power of attorney document allows for a resident to choose a professional, usually a Certified Public Accountant (CPA) or Tax Attorney, to handle the filing of State taxes with the Vermont Department of Taxes. The principal may choose the agent to do all of the following; Negotiate the assessment and payment of tax liabilities Represent me/us in informal discussions…
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