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Kentucky power of attorney forms let a person transfer authority to another to manage and transact his or her business affairs or other types of affairs these types of forms can be useful if a person is expecting to be unavailable for a period of time has a transaction that he or she would like someone else to handle for them or wants to have someone available to take care of his or her.
Free printable power of attorney forms for kentucky. Kentucky power of attorney allow individuals to appoint third parties to act as their representatives. Kentucky durable financial power of attorney form provides a method by which a person can transfer his or her authority to act on his or her behalf to another person usually a spouse trusted friend or relative the person transferring the power is called the principal while the person who is given the authority to act is called the agent or attorney in fact. It is your responsibility to accurate complete the kentucky medical power of attorney form and ensure that it is. Irs form 2848 power of attorney and declaration of representative is also acceptable for income tax purposes.
In kentucky the medical power of attorney is called a designation of health care surrogate. The agent cannot compensate themselves and must act in the principal s best interests in every transaction. Kentucky power of attorney forms. Kentucky form 20a100 declaration of representative is used for this purpose.
Most powers of attorney authorize the representative to make specific types of decisions e g financial medical real estate vehicle sale etc on their behalf and are limited in their duration.
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