Power of Attorney (POA) forms are vital for medical and financial planning in emergencies.
The guide covers POA directives, the notarization process, and the cost of notarization for a hassle-free and cost-effective notarization.
How to notarize power of attorney is dependent on the state.
While some states don’t mandate notarization of Power of Attorney (POA) documents, it’s wise to notarize them for added security.
What is Power of Attorney?
A Power of Attorney (POA) is a legal document authorizing someone to act on behalf of another person.
It covers financial and medical decisions, among others, in estate planning.
Notarization is required for validity, and the scope of authority depends on the specific form.
Who needs Power of Attorney?
Considering a Power of Attorney (POA) is vital for estate planning.
A declining number of Americans have wills or trusts.
Having these documents ensures that your loved ones can follow your wishes during emergencies, reducing stress and anxiety.
Other circumstances when a POA is a good idea
Beyond general estate planning, Power of Attorney is essential for frequent travelers, military personnel, those in high-risk jobs, and enthusiasts of dangerous hobbies to prepare for emergencies.
Why notarize a Power of Attorney?
While some states don’t mandate notarization for Power of Attorney (POA) documents, it’s wise to notarize them for added security. POA, like affidavits, conveys vital information, and notarization prevents future conflicts or disputes, ensuring legal validity.
A third-party notary simplifies the process.
How to notarize a Power of Attorney?
States have varying laws for making Power of Attorney (POA) legally valid, including signing, witnessing, and notarizing.
It’s advisable to notarize all POA documents for added assurance. Learn how to notarize a POA in the following steps.
Step 1: Draft your document
Hire an attorney for a tailored Power of Attorney (POA) document, ensuring it aligns with your specific needs and provides accurate information, even though templates are available online.
Step 2: Locate a notary public
It’s recommended to have a notary public notarize your POA, even if not required by your state.
You can choose traditional notary services or opt for the convenient, fast, and cost-effective Remote Online Notarization (RON). Notary fees apply.
Step 3: Affirm that the principal has presented the form voluntarily
At signing, the principal must confirm their understanding and willingness to sign for the POA to be valid.
Step 4: Sign the document and record the notarization
The principal signs along with witnesses, and the notary certifies it, making it legally binding.
Notary records the transaction in their journal, following state-specific laws.
Where can you get Power of Attorney notarized?
Traditional notarization requires scheduling in advance or finding a local business that offers notary services.
These businesses can include banks, law firms, insurance companies, and more.
However, they can be costly and depend on availability.
Remote Online Notarization (RON) allows for secure, convenient eSigning and notarization without the need for scheduling in advance.
Cost to Notarize a Power of Attorney
The cost of notarizing a power of attorney can range from $0.50 to $10.
Fees vary by state and notary, with each state setting a maximum charge per notarial act.