Kentucky Power of Attorney Forms
The Kentucky Power of Attorney Forms are the collective term used to describe a set of legal documents that empower one party (the Agent) to take the reigns of matters impacting another party (the Principal). The matters that will be delegated by the Principal to the Agent must be clearly set out in the form. This is legally necessary so that Agent is able to effectively carry out the wishes of the Principal, even when they are not present at the time, or in such a compromised mental or physical state that they cannot communicate their needs or desires.
What is a Kentucky Power of Attorney?
A Kentucky Power of Attorney outlines, according to the determination of a Principal, the ways in which an Agent will legally take on the decision making powers of a Principal for the purpose of managing one or more of their affairs. Both parties should be aware of the fact that unless otherwise specified within the form, the POA will come into immediate effect once it meets legal requirements and is signed by all necessary parties. Specifications about a precise starting date can include a particular future date or occurrence of a future event, such as the Principal’s incapacity.
- Kentucky Power of Attorney Laws – (KRS Chapter 457, “Uniform Power of Attorney Act”)
- State Definition of Power of Attorney (§ 457.020) – means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used.
- Signing Requirements (§ 457.050) – Must be signed by the Principal before a Notary Public or other authorized individual, as well as two (2) disinterested witnesses. Another individual may sign the Principal’s name in their conscious presence, so long as they have been directed by the Principal to do so, and the POA states the reason for this method being taken.
Durable (Financial) Power of Attorney – The durability of this POA references the fact that this type of POA will remain unabated if the Principal is considered, as per relevant laws, to be incapacitated.
General (Financial) Power of Attorney – Encompasses the powers an agent may be granted regarding a principal’s financial affairs, that can include such areas as banking, the management of a safety deposit box, or lending or borrowing money.
Limited (Special) Power of Attorney – To place clear limitations on the powers encompassed in a POA, selecting to use a limited, rather than durable or general POA, is advisable.
Living Will Directive (Medical POA) – Medical complications can mean that an individual becomes unable to properly communicate their health care wishes. In such circumstances, it is not legally possible to draft a Medical Power of Attorney. Therefore, it is imperative that this document is initiated as well in advance as possible.
Download – Adobe PDF
Minor Child Power of Attorney (AOC-796) – In order to assure the continued care of their children at all times, parents and guardians can specify the circumstances in which they give permission to another party to temporarily take over parental duties when they cannot do so themselves.
Motor Vehicle Power of Attorney – Motor vehicle owners who are time-poor can make use of a legal avenue, namely the filing of this form, that offers them the opportunity to designate someone else to oversee any undertakings related to their vehicle.
Real Estate (Property) Power of Attorney – Real estate ownership can bring about a number of stressful situations that may be better handled by a trained professional. An owner can simply complete the requirements of this form to legally establish the transfer of such responsibilities to another entity.
Revocation of Power of Attorney – Ceasing a POA from continuing indefinitely is a decision that can be executed by drafting and filing a Revocation of POA form.
State Tax Filing Power of Attorney – Any individual who is incapable of filing their taxes themselves, or simply wishes to have another party engage in this process for them, can have another person or entity handle the process for them by making use of this form.
Download – Adobe PDF
When is it Effective?
For a POA to be valid and effective in the state of Kentucky, certain requirements must be met. In line with § 457.050, the Principal must sign the POA in the presence of two (2) disinterested witnesses and their signature must be acknowledged before a Notary Public or other authorized individual. Alternatively, another individual directed by the Principal may sign the Principal’s name in their conscious presence, with the reason for this method being taken stated in the POA.