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An Arizona power of attorney is a legal form that serves as the authorization for an individual, also known as an agent or attorney-in-fact, to make financial, healthcare, real estate, or estate decisions on behalf of the person granting permission. An Arizona power of attorney is often used as an estate planning tool, but there are other instances where it is also a very useful tool.
Quick Reference:
The person granting permission is known as the principal, donor, or grantor.
The person receiving authorization is known as the agent or the attorney-in-fact.
An Arizona power of attorney must comply with Arizona’s power of attorney law to make it legally enforceable.
Here are some unique facts about Arizona's power of attorney provisions:
A principal may determine which powers an agent may and may not exercise on their behalf. The principal also has the right to revoke the power of attorney.
A power of attorney is terminated in Arizona when:
There are several reasons why someone would use an Arizona power of attorney to give someone the authority to make decisions related to their tangible personal property, financial institution transactions, tax matters, or their well-being. Some of those reasons include:
Durable Power of Attorney
A durable power of attorney is used to allow an agent to act on the behalf of the principal. The term "durable" comes from the fact that this authorization continues if the principal were to become disabled or incapacitated.
General Power of Attorney
A general power of attorney grants a single individual to handle all listed matters on behalf of the principal.
Health Care Power of Attorney
A health care power of attorney grants power to the agent to make medical or health care decisions on the grantor’s behalf.
Minor Child Power of Attorney
A minor child power of attorney allows a parent or guardian to grant decision-making rights over their child to a temporary guardian in case the parent or guardian may not be present during a medical emergency.
Real Estate Power of Attorney
A real estate power of attorney allows the agent to sell, purchase, or manage real estate transactions on the principal's behalf.
Limited Power of Attorney
A limited power of attorney, also known as a special power of attorney, has limited power to whatever the principal specifies.
Tax Power of Attorney
A tax power of attorney requires that the principal fill out Form 285-I to appoint a specific person that will handle the preparation and filing of tax documents on their behalf to the Arizona Department of Revenue.
Vehicle Power of Attorney
A vehicle power of attorney allows the agent to handle elements of buying and selling vehicles on the principal’s behalf, as well as submitting necessary paperwork to the Arizona Department of Motor Vehicles.
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