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What is a Utah Power of Attorney?

The power of attorney form serves as a document that authorizes a close friend or family member to make decisions on your behalf. The power of attorney form is a powerful document, and it is imperative that whoever you grant power of attorney to, is trustworthy. These forms are often used by individuals who would like their affairs handled should they fall ill, or leave the country for an extended period of time, but can be used for a variety of reasons.

Quick Reference:

The person granting permission: the principal, donor, or grantor

The person receiving authorization: the agent, or attorney-in-fact

State Specific:

A Utah power of attorney is a power of attorney form complies with Title 75 of the Utah Code. These laws specifically outline the parameters of a legally enforceable power of attorney and ensures that the form, as well as its duties are protected under the law. Here are some of the state’s power of attorney requirements:

  • The grantor and the agent must be at least 18 years old
  • The power of attorney agreement must be written, it cannot be a verbal agreement
  • The power of attorney form must be signed and dated

Why Would You Use a Utah Power of Attorney Form?

There are many reasons why an individual would use a Utah 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 financial matters on behalf of the grantor. However this authorization would become null and void should the principal become incapacitated, or if he or she were to pass away.

Durable Power of Attorney

A durable, 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. The term "durable" comes from the fact that this authorization continues over the grantor’s finances if he or she were to become disabled or incapacitated.

Limited (Springing) Power of Attorney

A limited, also known as a special power of attorney, grants limited power to whatever the grantor specifies.This type is also known as a "springing" power of attorney because it springs into effect in a specified or discreet circumstance.

Parental (Minor Child) Power of Attorney

This type of power of attorney allows a parent to grant decision-making rights over their child to a temporary guardian in the case that the parent may not be present during a medical emergency. This form is generally used if the parent must leave the country for a period of time. In Utah, this time period is limited six months.

Revocation of Power of Attorney

This form is used to end a current power of attorney form, thereby ending the grantor-agent relationship. This form only needs to be signed by the grantor, however, the grantor must be of sound mind to do so.

Real Estate Power of Attorney

This form grants power to the agent, allowing them to buy, sell, and manage real estate on the grantor’s behalf.

Tax Power of Attorney

This form, 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 Department of Revenue on behalf of the grantor.

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