A Connecticut power of attorney is a power of attorney form that conforms with Connecticut’s state laws. Connecticut’s Uniform Power of Attorney Act has a specific guidelines to drafting a legally enforceable power of attorney. Here are a few of their highlighted guidelines:
There are many reasons why an individual would use a Connecticut power of attorney. Sometimes a person who is elderly, mentally ill, or of failing health may need someone to handle their affairs. Elderly individuals who may suffer from Alzheimer’s or dementia and may no longer be able to handle affairs such as paying bills, or buying or selling property.
A power of attorney form is not only for the sick, or elderly. Power of attorney forms are recommended for the perfectly healthy as well. There are multiple reasons why one would want their agent to handle their affairs, and one of those is business. If the grantor owns a business, then it is important that the agent have the power to run, and execute important tasks that involve the company, such as paying employees or vendors. However, as with all power of attorney forms, it is imperative that you clearly state which powers your agent does and does not have. If you do not want your agent to have the power to fire or hire employees, then you must clearly state this in your document.
No one knows what will happen tomorrow, and it is always best to be well prepared in the event of an accident. No matter the situation, one individual’s power of attorney needs will vary from the next. Accordingly, there are many types of power of attorney. Here are some of the most common:
General Power of Attorney
A general power of attorney grants a single individual to handle all financial matters on behalf of the grantor, whether it be business or personal monetary affairs. However this authorization would become null and void should the principal become incapacitated, or if he or she were to pass away.
Parental (Minor Children) Power of Attorney
A parental power of attorney is popular among parents who must leave the U.S for extended periods of time without an exact date when they will return. This type of power of attorney allows an individual you trust to make important decisions on your behalf in relation to your children. Some parents express concern that a parental power of attorney will strip them of their parental rights, however, these types of documents can be set in motion with "triggers" which set the authority in effect if something specific happens. However, it is best to seek qualified legal advice to make the best decision for you and your children.
Durable Power of Attorney
A durable power of attorney is used to allow an agent to act on the behalf of the grantor in specified situations. The term "durable" comes from the fact that this authorization continues if the grantor were to become disabled or incapacitated.
Limited Power of Attorney
A limited power of attorney has limited power to whatever the grantor specifies. In many cases, an agent will have power to handle finances, or make medical decisions, but will not have authority to do other things such as sell property (depending on what the grantor decides). Just like a special power of attorney, the authority diminishes if the grantor dies.
Appointment of Healthcare Representative
An appointment of healthcare representative is a power of attorney form that grants power to the agent to make medical or health decisions on the grantor’s behalf. This is commonly used by individuals who are terminally ill, elderly, or have failing health.
Real Estate Power of Attorney
A real estate power of attorney allows the agent to buy, sell, or manage real estate on the grantor’s behalf.
Revocation of Power of Attorney
The form ends the current power of attorney form in place and effectively ends the grantor-agent relationship.
Vehicle Power of Attorney
This form grants the agent power of attorney to handle all documents relating to the title and registration of the of the grantors vehicle.
Tax Power of Attorney
Officially known as Form LGL-001, this form grants a capable individual, usually a certified accountant or other qualified person, to prepare and submit tax forms on your behalf.