Which State Should A Power of Attorney Be Created For?
Full Question:
I am in the process of having my mom sign a durable power of attorney for financial and medical. My question is, her residence is still in California but she will be moved to Nevada soon, do I need a POA for both states or just one and if one which one? Her assets, bank accounts, property etc are all in California.
12/08/2009 |
Category: Power of Attorney |
State: Nevada |
#19960
Answer:
A power of attorney that complies with the laws of the state may appoint a person who resides outside the state as the agent (attorney-in-fact) for the principal (person making the power of attorney). A power of attorney is governed by the law of the jurisdiction where the actions of the attorney-in-fact will be performed. Usuallly, this is where the property of the principal is located. It is generally not recommended to appoint an agent who resides in a different jurisdiction, unless the property or assets involved are also in the different jurisdiction. When the agent will be acting in more than one jurisdiction, separate powers of attorney for each jurisdiction are recommended.
