A Springing Power of Attorney (POA) is a legal document that grants someone the authority to act on your behalf under specific circumstances, usually when you become incapacitated. This type of POA is particularly useful for individuals who want to maintain control over their affairs while still providing a safety net in case they cannot make decisions on their own. Below are three diverse, practical examples of Springing Power of Attorney templates.
In this scenario, an individual may want to ensure that their healthcare decisions are managed by a trusted person in the event they become unable to communicate their wishes due to illness or injury. This template allows the designated agent to make medical decisions on behalf of the principal.
SPRINGING POWER OF ATTORNEY FOR HEALTHCARE
I, [Principal's Full Name], residing at [Principal's Address], hereby appoint [Agent's Full Name] residing at [Agent's Address] as my agent for healthcare decisions. This Power of Attorney shall become effective only when I am unable to make my own healthcare decisions, as certified by a physician.
This document grants full authority to my agent to make all healthcare decisions, including but not limited to:
- Consent to or refuse medical treatment
- Hire or discharge healthcare providers
- Access my medical records
This Power of Attorney shall remain in effect until revoked by me in writing or until my death.
Date: ____________
Signature: ____________________
Notes: Ensure that a physician’s confirmation of incapacity is obtained for this POA to become active. It may also be beneficial to discuss your wishes with the agent beforehand.
This example is suitable for individuals who want to designate someone to manage their financial affairs only if they become incapacitated. This template provides the agent with the authority to handle various financial matters, ensuring that bills are paid and investments are managed during periods of incapacity.
SPRINGING POWER OF ATTORNEY FOR FINANCIAL MATTERS
I, [Principal's Full Name], residing at [Principal's Address], appoint [Agent's Full Name], residing at [Agent's Address], as my agent for financial matters. This Power of Attorney shall become effective only upon my incapacity, as determined by a licensed physician.
My agent shall have the authority to:
- Manage bank accounts and investments
- Pay bills and expenses
- File tax returns
- Sell or manage my real estate
This Power of Attorney will remain in effect until I am no longer incapacitated or until revoked by me in writing.
Date: ____________
Signature: ____________________
Notes: To ensure a smooth transition in financial management, consider providing your agent with access to necessary accounts and documentation ahead of time.
This template is designed for individuals who wish to appoint someone to manage their real estate or personal property in the event they are unable to do so. This is particularly useful for those who own rental properties or have significant assets that require oversight.
SPRINGING POWER OF ATTORNEY FOR PROPERTY MANAGEMENT
I, [Principal's Full Name], residing at [Principal's Address], hereby designate [Agent's Full Name], residing at [Agent's Address], as my agent for the management of my property. This Power of Attorney will become effective only if I am declared incapacitated by a licensed physician.
My agent is authorized to:
- Manage, lease, or sell my real estate
- Collect rents and manage tenants
- Maintain and repair the property
This Power of Attorney shall remain effective until my incapacity is lifted or until revoked by me in writing.
Date: ____________
Signature: ____________________
Notes: It’s advisable to keep your agent informed about your property management strategies and provide them with all necessary documents to ensure effective management.