Create a Maryland Power of Attorney with our customizable template!
A Maryland power of attorney is a legal form that acts as the authorization for an individual, known as the agent or attorney-in-fact, to make financial decisions, healthcare decisions, real estate decisions, or estate decisions on behalf of the person granting this authority. A Maryland POA is often used for estate planning. However, there are other instances where a POA is a useful tool.
Quick Reference:
The person granting permission is referred to as the principal, donor, or grantor.
The person receiving authorization is known as the agent of the attorney-in-fact.
A Maryland power of attorney must comply with Maryland's General and Limited Power of Attorney Act (Title 17). This act specifically outlines the parameters of a legally enforceable power of attorney. It ensures that the form, as well as its duties, are protected under the law. Maryland’s statutory forms can be found here. Here are some of the requirements to create a POA:
The principal has the right to specifically state what the agent can and cannot do on their behalf. The principal has the legal right to revoke (terminate) the POA, even if it is durable, as long as they are competent. Additionally, a Maryland power of attorney terminates when:
There are several reasons why someone would use a Maryland power of attorney form 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:
Each person’s power of attorney needs may vary. Thankfully, there are several types of power of attorney documents. Before you decide to use a power of attorney, you should seek legal advice. Ask about the best POA to suit your needs and how to revoke a power of attorney if it becomes necessary. Here are a few of the most common.
Maryland General Power of Attorney
A Maryland general power of attorney document grants a single agent the authority to handle matters on behalf of the principal.
Maryland Durable Power of Attorney
A Maryland durable power of attorney is an "extended version" of a general power of attorney because it goes beyond the parameters of a general power of attorney.
Limited Power of Attorney
A limited power of attorney grants limited power to whatever the principal specifies.
Medical Power of Attorney
A medical power of attorney appoints a healthcare agent to make medical decisions on behalf of the principal.
Guardian of Minor Child Power of Attorney
A guardian of minor child power of attorney allows a parent or guardian to grant decision-making rights over their child to a temporary guardian in the case that the parent or guardian may not be present during a medical emergency.
Real Estate Power of Attorney
A real estate of power of attorney grants power to the agent to buy, sell, and manage real estate on the principal's behalf.
Tax Power of Attorney
A tax power of attorney allows the agent, generally a qualified individual such as an accountant, to prepare and submit tax information to the Comptroller of Maryland on behalf of the principal.
Vehicle Power of Attorney
A vehicle power of attorney allows the agent to buy, sell, and handle the necessary paperwork with the Maryland Motor Vehicle Administration on the principal's behalf.
Create a Maryland Power of Attorney in minutes with our professional document builder.
Get Started Now!