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Upoaa Power Point Presentation 20090510

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Virginia Uniform Power of Attorney Act

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The Virginia Uniform Power of Attorney Act Andrew H. Hook, CELA, CFP ® Lisa V. Johnson, Esquire Oast & Hook, P.C. Attorneys and Counselors at Law Serving Virginia and North Carolina Tel: 757-399-7506 | Tel: 252-722-2890 Fax: 757-397-1267 www.oasthook.com
Why Do We Need a New POA Statute? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Survey Results Continued… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Do We Need a New POA Statute? ,[object Object],[object Object]
Encourages Acceptance ,[object Object],[object Object],[object Object],[object Object],[object Object]
Provides Protection for Principals ,[object Object],[object Object],[object Object],[object Object]
Protection of Agents Agent who acts with care, competence and diligence will not be liable solely because the agent also benefits from the transaction or has a conflicting interest.
Assists in Drafting POA ,[object Object],[object Object],[object Object],[object Object],[object Object]
Retains Popular Existing Virginia POA Rules ,[object Object],[object Object]
Concerns Expressed About the UPOAA ,[object Object],[object Object],[object Object],[object Object]
Article One ,[object Object],[object Object],[object Object],[object Object]
Article One Continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
Article One Continued ,[object Object],[object Object],[object Object],[object Object]
Article One Continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
Article One Continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Article Two ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Article Two Continued ,[object Object],[object Object],[object Object]
Defined Authority Gifts Taxes Retirement Plans Benefits from Government Programs Personal & Family Maintenance Claims and Litigation Estates, Trusts, and Beneficial Interests Insurance and Annuities Operation of Entity or Business Banks and Financial Institutions Commodities and Options Stocks and Bonds Tangible Personal Property Real Property
Article Three ,[object Object],[object Object]
Article Four ,[object Object],[object Object],[object Object]
Recommended Amendments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Status of UPOAA ,[object Object],[object Object],[object Object],[object Object]
Where Can You Learn More? ,[object Object],[object Object],[object Object],[object Object]
Attorneys and Counselors at Law Offices in Elizabeth City, Portsmouth, and Virginia Beach Tel: 757-399-7506 | Tel: 252-722-2890 | Fax: 757-397-1267 Please visit our web site at www.oasthook.com ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Upoaa Power Point Presentation 20090510

  • 1. The Virginia Uniform Power of Attorney Act Andrew H. Hook, CELA, CFP ® Lisa V. Johnson, Esquire Oast & Hook, P.C. Attorneys and Counselors at Law Serving Virginia and North Carolina Tel: 757-399-7506 | Tel: 252-722-2890 Fax: 757-397-1267 www.oasthook.com
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  • 7. Protection of Agents Agent who acts with care, competence and diligence will not be liable solely because the agent also benefits from the transaction or has a conflicting interest.
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  • 18. Defined Authority Gifts Taxes Retirement Plans Benefits from Government Programs Personal & Family Maintenance Claims and Litigation Estates, Trusts, and Beneficial Interests Insurance and Annuities Operation of Entity or Business Banks and Financial Institutions Commodities and Options Stocks and Bonds Tangible Personal Property Real Property
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