which of the following is true about a durable power of attorney?

A durable power of attorney lasts for the long term, even if the principal is deemed mentally incapacitated. On the contrary, a power of attorney document that does not use the word “durable” does not last for the long term. A nondurable power of attorney expires if and when the principal is deemed mentally incapacitated.

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What is a durable power of attorney?

Which of the following is true about a durable power of attorney? a. It is only after principal has died. b. It remains effective even though the principal is incapacitated. c. It is not effective until the principal is incapacitated. d. It is only effective if the agent is a licensed lawyer. THE FOLLOWING 10 SHORT ANSWER QUESTIONS ARE WORTH 5 POINTS

What are the different types of power of attorney?

Jan 27, 2022 · A durable power of attorney gives your agent the right to make decisions and take the actions specified for the long term. Even if you are mentally incapacitated or deemed unfit to make decisions for yourself, your agent can still act on your behalf. Since most older adults need a POA only in case they become incapacitated, this is the preferred type. Medical Power of …

What happens if you don't have a power of attorney?

Jul 13, 2021 · When power of attorney is made durable, it remains intact if you cannot make decisions for yourself. A power of attorney (POA) authorizes someone else to handle certain matters, such as finances or health care, on your behalf. If a power of attorney is durable, it remains in effect if you become incapacitated, such as due to illness or an accident. Durable …

When does a power of attorney take effect?

Which of the following statements is true of a durable power of attorney? Multiple choice question. It specifies that the agent's authority ends on the principal's death or incapacitation. It is also known as a special power of attorney. It is also known as a general power of attorney.

What is a durable power of attorney quizlet?

Durable Power of Attorney (POA) a document that permits an individual (Known as a principal) to appoint another person (Known as an agent) to make any decisions regarding health care it the principal should become unable to make decisions.

What type of power of attorney allows the agent to conduct all business for the principal multiple choice question?

If the attorney-in-fact is designated as a general power of attorney, they are allowed to conduct any actions that the principal would reasonably take. This means an attorney-in-fact would be able to open and close bank accounts, withdraw funds, trade stocks, pay bills, or cash checks—all on behalf of the principal.

What type of power of attorney is meant to continue beyond the principal's incapacitation?

A durable power of attorney can withstand the mental incapacity of the individual, but not death. A durable POA allows the agent to continue to act on the principal's behalf, even if the principal is mentally incompetent.Jul 11, 2018

Which of the following is true of an independent contractor's liability quizlet?

Which of the following is true of an independent contractor's liability? The independent contractor is personally liable for the torts he or she commits.

What is durable power of attorney?

A durable power of attorney refers to a power of attorney which typically remains in effect until the death of the principal or until the document is revoked.

What is durable power of attorney for health care?

A durable power of attorney for health care names a person (often referred to as an “agent”) to make medical decisions on your behalf if you are no longer able to make health care decisions for yourself. This document is also known as a health care proxy or health care power of attorney.Oct 26, 2021

Which power of attorney is best?

A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.Mar 19, 2019

What happens if a power of attorney dies?

A Lasting Power of Attorney only remains valid during the lifetime of the person who made the LPA. This means that if the person who granted the LPA dies, it will end.Mar 26, 2021

What three decisions Cannot be made by a legal power of attorney?

Are there any decisions I could not give an attorney power to decide? You cannot give an attorney the power to: act in a way or make a decision that you cannot normally do yourself – for example, anything outside the law. consent to a deprivation of liberty being imposed on you, without a court order.

Which of the following is true when a person hires an independent contractor to perform some tasks?

Which of the following is true when a person hires an independent contractor to perform some tasks? The contractor is responsible for the proper performance of the contract.

Which of the following individuals are independent contractors?

People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers who are in an independent trade, business, or profession in which they offer their services to the general public are generally independent contractors.

Which of the following is true of profits and losses in a general partnership?

Which of the following is true of profits and losses in a general partnership? ... An incoming partner is liable for the debts of the partnership only to the extent of his or her capital contribution.