Mississippi power of attorney forms are prominently used for two reasons: to assign an agent to make everyday representations on behalf of an individual (the principal) and to plan for any period of incapacitation due to age, injury, or mental illness. An agent (the attorney-in-fact) can be used to handle individual transactions or they can be given general authority to manage all of the principal’s financial affairs. The durable and medical power of attorney forms are used to appoint agents to act and make decisions for the principal if they become incapacitated. Whenever an individual is selecting a representative, it is very important that the candidate is competent and trustworthy, as the agent will often have access to their assets and confidential information.
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A Mississippi durable power of attorney form authorizes an individual to run the principal’s financial affairs if they become incapacitated and unable to do so for themselves. Ideally, the representative should be available locally and be able to deal face-to-face with banks, government agencies, creditors, and debtors on the principal’s behalf. An alternative or secondary agent should also be selected in case the first choice…
