how do you prepare a power of attorney in the state of indiana

• Method 1 Method 1 of 4: Creating a Power of Attorney Under Indiana Law Download Article. Put it in writing. ...
• Method 2 Method 2 of 4: Obtaining Power of Attorney for Medical Concerns Download Article. Create a separate power of attorney document for medical issues. ...
• Method 3 Method 3 of 4: Selecting an Agent or Representative Download Article. Have a family member or close friend to represent you on very personal matters. ...
• Method 4 Method 4 of 4: Executing a Power of Attorney for Tax Purposes Download Article. Visit the website for the Indiana Department of Revenue. ...

Full Answer

Why create a power of attorney form in Indiana?

POWER OF ATTORNEY State Form 23261 (R9 / 6-17) Prescribed by the Department of Local Government Finance Name of taxpayer(s) Address(es) of taxpayer(s) (number and street, city, state, and ZIP code) Telephone number ( ) The above named taxpayer does hereby appoint the following representative(s) as attorney(s) in fact:

What is an Indiana Medical power of attorney (56184)?

Apr 16, 2021 · There is a legal arrangement, called a “durable power of attorney,” which gives a named individual authority to make decisions related to an incapacitated patient’s health care.Under Indiana durable power of attorney laws, the named individual (or "attorney-in-fact") is granted the ability to make decisions related to care, treatment, and whether to continue life …

What is a power of attorney form?

In lieu of a Power of Attorney, you can authorize the department to discuss your tax return information with someone else by filling out the Personal Representative Portion on your individual tax return. Pursuant to 45 IAC 15-3-4, a properly executed Power of Attorney must contain the following information: 1.

How do I get a power of attorney in 5 steps?

The Indiana medical power of attorney, also known as “Form 56184”, is used to appoint a health care representative to make medical decisions for the principal in the event of their incapacitation.It is important that individuals choose someone who can be available locally to meet with the principal’s health providers and share their basic values regarding healthcare.

How old do you have to be to get a power of attorney in Indiana?

The only qualification for the agent is to be an individual older than 18 years of age and recommended someone that can be trusted by the person delegating power.

What is a general power of attorney?

General (Financial) Power of Attorney – Permits the person granting the power to allow a trusted, responsible person to administer certain matters for his or her benefit. In the event the person making the POA is no longer able to make decisions for himself, this type of document will no longer be valid.

Medical Power of Attorney Indiana (Form 56184) – PDF

The Indiana medical power of attorney, also known as “Form 56184”, is used to appoint a health care representative to make medical decisions for the principal in the event of their incapacitation.

Related Medical Forms

Life Prolonging Procedures Will Declaration (Form 55315) – To make it known to hospitals and medical staff that the patient intends on extending their life as long as possible. ( IC 16-36-4-11)

What is a power of attorney?

Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when ...

Can an attorney act under a power of attorney without a record?

Sec. 3. ( a) Except as provided in subsection (b), an attorney in fact may act under a power of attorney without recording the power of attorney with the county recorder.

What is an affidavit in Indiana?

Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths. Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both.

What is an amendment in a bill?

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it. Amortization: Paying off a loan by regular installments.

When does a power of attorney expire?

The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC.

What is the difference between annuity and amortization?

Amortization: Paying off a loan by regular installments. Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual.

What is an appellate court?

Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal. Arrest: Taking physical custody of a person by lawful authority. Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

What is a caucus?

An informal organization of members of the legislature that exists to discuss issues of mutual concern and possibly to perform legislative research and policy planning for its members. There are regional, political or ideological, ethnic, and economic-based caucuses.

What is a fiduciary?

Fiduciary: A trustee, executor, or administrator. Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor.

Why do you need a power of attorney?

Another important reason to use power of attorney is to prepare for situations when you may not be able to act on your own behalf due to absence or incapacity. Such a disability may be temporary, for example, due to travel, accident, or illness, or it may be permanent.

What is a springing power of attorney?

The power may take effect immediately, or only upon the occurrence of a future event, usually a determination that you are unable to act for yourself due to mental or physical disability. The latter is called a "springing" power of attorney.

How long does a power of attorney last?

Today, most states permit a "durable" power of attorney that remains valid once signed until you die or revoke the document.

Who is Michael Douglas' wife?

Assume Michael Douglas appoints his wife, Catherine Zeta-Jones, as his agent in a written power of attorney. Catherine, as agent, must sign as follows: Michael Douglas, by Catherine Zeta-Jones under POA or Catherine Zeta-Jones, attorney-in-fact for Michael Douglas. If you are ever called upon to take action as someone’s agent, ...

Can a power of attorney be revoked?

A power of attorney may be revoked, but most states require written notice of revocation to the person named to act for you. The person named in a power of attorney to act on your behalf is commonly referred to as your "agent" or "attorney-in-fact.". With a valid power of attorney, your agent can take any action permitted in the document.

What is the power of attorney in fact?

Generally, the law of the state in which you reside at the time you sign a power of attorney will govern the powers and actions of your agent under that document.

Can an attorney in fact make gifts?

Gifts are an important tool for many estate plans, and your attorney-in-fact can make gifts on your behalf, subject to guidelines that you set forth in your power of attorney. For example, you may wish to permit your attorney-in-fact to make "annual exclusion" gifts (up to $14,000 in value per recipient per year in 2013) on your behalf ...

What is a power of attorney?

Power of attorney is a legal document that allows an individual (known as the “Principal”) to select someone else (“Agent” or “Attorney-in-Fact”) to handle their business affairs, medical responsibilities, or any decision that requires someone else to take over an activity based on the Principal’s best interest and intentions. ...

How to choose a power of attorney?

Step 1 – Choose an Agent. Select and ask someone that you trust if they would like to be your “Agent” or “Attorney-in-Fact”. Especially for a durable power of attorney, the agent selected should be someone you have trusted most of your life.

Do you need to record a power of attorney?

It is important for all parties involved to have copies of their form. A power of attorney does not need to be recorded with any government office and is primarily held by the Principal and Agent (s).

What is an advance directive?

An advance directive, referred to as a “living will” or “medical power of attorney”, lets someone else handle health care decisions on someone else’s behalf and in-line with their wishes. These powers include: Everyday medical decision-making; End-of-life decisions; Donation of organs;

How many witnesses do you need to be a notary public?

In most cases, a Notary Public will need to be used or Two (2) Witnesses.

Can a principal use a power of attorney?

For other nominations, a principal may assign power of attorney under a special circumstance with the limited form. In addition, if the principal is looking to have someone only handle personal and business filings the tax power of attorney should be used.