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This legal authorization grants someone the power to act on your behalf in legal and financial matters. They can sign agreements, approve payments, and more. The exact privileges depend on the agreement’s scope.
A nondurable POA can be handy in various situations. If you can’t or don’t want to be physically present for financial and legal tasks, it makes sense to use one. While eSignatures are becoming more common and let you do business from anywhere, certain situations still call for physical, or “wet,” signatures. That’s where a nondurable POA comes in handy.
If you’re planning to move, which may require you to sign a rental agreement in the area where you would be living. Until you’re there, you can’t physically sign, and mailing documents might not be feasible. A nondurable POA granted to an individual in your future hometown could help you complete the agreement.
If you’re away from the U.S. and someone needs to sign a document or handle a financial task on your behalf, authorize a nondurable POA. It automatically ends when you return.
A nondurable power of attorney has limitations compared to a durable one. You can always revoke or change the powers granted in a power of attorney, but a nondurable POA has additional triggers that can end the arrangement.
This goes into effect as soon as the document is signed and expires if/when you are declared mentally incompetent or die, whichever comes first. You may revoke a Non-Durable Power Of Attorney at any time.
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