Create a Utah Power of Attorney with our customizable template!
A Utah power of attorney is a legal document that acts as the authorization for someone, referred to 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 the authority. A Utah POA is most commonly used during the estate planning process, but there are other times when it is also 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 or the attorney-in-fact.
A Utah power of attorney document must comply with Title 75, Chapter 9 of the Utah Code. It is also referred to as the Uniform Power of Attorney Act. These laws specifically outline the parameters of a legally enforceable power of attorney. They ensure that the form, as well as its duties, are protected. Here are some of the state’s power of attorney requirements:
The principal has the legal right to explain exactly which powers the agent can and cannot use on their behalf. The principal also has the legal right to revoke (terminate) the POA, even if it is durable, as long as they are competent. The power of attorney also terminates when:
There are many reasons why someone would use a Utah power of attorney to give another person the ability to make decisions about their tangible property, financial institution transactions, tax matters, or their well-being. Some of those reasons include:
The needs each person has for a power of attorney varies. There are several different ones available so it is important that you get legal advice. This will help you choose the one that will best suit your needs. You will also be able to ask how to revoke a POA if it becomes necessary. Here are the most commonly used Utah powers of attorney.
General Power of Attorney
A general power of attorney grants a single individual to handle matters on behalf of the principal.
Durable Power of Attorney
A Utah durable power of attorney, also known as a statutory 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 (Springing) Power of Attorney
A limited power of attorney, also known as a special power of attorney, grants limited power to whatever the principal specifies.
Parental (Minor Child) Power of Attorney
A parental (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 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, officially known in Utah as Form TC-737, which allows the agent who is usually a qualified individual such as an accountant, to prepare and submit tax information to the Utah State Tax Commission on behalf of the principal.
Create a Utah Power of Attorney in minutes with our professional document builder.
Get Started Now!