limited power of attorney vehicle and watercraft transactions indiana

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Reset Form LIMITED POWER OF ATTORNEY VEHICLE AND WATERCRAFT TRANSACTIONS State Form 1940 R4 / 5-13 INDIANA BUREAU OF MOTOR VEHICLES INSTRUCTIONS 1. 3. The Limited Power of Attorney form must be notarized to be valid. I residing/located at in the county of State of do hereby appoint as my attorney-in fact for a period of ninety 90 days from the notary date. I authorize the attorney-in-fact to complete transactions involving the certificate of title and/or registration for the vehicle /...
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Video instructions and help with filling out and completing limited power of attorney vehicle and watercraft transactions indiana
hi this is Joe from power of attorney form comm and today we're going to talk about what is limited power of attorney now just real quick if you don't even know what power of attorney is it's simply just a legal document that allows you to choose somebody else to act for you for either financial decisions or medical decisions and if you want to follow along with us you can go right in the ins right next to the word instructions in the description of this video there'll be a link right to this page or you can go right to power of attorney form com slash Limited dot HTM now if we're on this page we want to scroll down just a bit and we'll just kind of read along now limited power of attorney only deals with find specific financial matters so what that means is if this form allows you to choose anybody that you want to handle specific financial decision-making acts on your behalf now example of what those specific financial matters can be is doing say banking for you doing what trawls taking out money making deposits well you'd actually don't need power of attorney to make a deposit unless it's some sort of unique kind of thinking transaction that you're going to be doing most often it just has to do with picking up certified mail say you have an assistant that you want to be picking up mail for you then you do usually want a hat and you're usually not in the office all the time you want to have a limited power of attorney so that they can pick up any and all certified mail for you but it can be anything it's very common among car dealerships when you have someone else that picks up a car for you so you can see that it can be used for a wide range of things but the beauty of a limited power of attorney is that the moment that the Act has been done the form becomes void because with other power of attorney forms for example such as durable power of attorney or general power of attorney it gives the person access to handle any and all financial matters on behalf of someone else but here it's a little different it allows you to just select maybe one thing or a few things - for someone else to do and the minute that they do it the form becomes void which is very nice now one thing that you want to watch out for is that there are three common ways that this form can become void obviously if the person dies the form becomes void but more importantly if the principle or the person that's handing over the power becomes incapacitated now what that means is if they for unfortunate reasons should become in a coma or have dementia or just generally not able to think for themselves this form becomes void and the what are the requirements for this form to be legal it needs to be signed and dated by the principle who's handing over the power the agent who's going to be taking the power and acting for the principle and it needs to be signed and dated in front of a notary or to blood-related witnesses...
Please select a version for Fillable IN Form 1940 form
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Please select a version for Fillable IN Form 1940 form
  • 2019 IN Form 1940 Fillable
  • 2013 IN Form 1940 Fillable
  • More...