![]() ![]() In the event of a principal’s incapacitation, a durable POA remains valid versus a general POA becomes void. Give copies of the document to your agent and those who need to be informed and keep the original in a safe place. A notary public’s signature is also recommended. When finished, it’s mandatory that both the agent and principal sign the document while also having 2 witnesses. Now that you have both the powers you want to give and the agent who will execute them for you, you can proceed to fill out your general power of attorney form. The added benefit to having two agents if one dies or is unavailable when needed, the other can act on your behalf. For extra precaution, it’s also possible to list two agents on your power of attorney. Depending on the powers that you give, this person has the potential to cause great damage to your life if they don’t carry out the powers correctly. This person should be well trusted, coherent, and very reliable. Step 2 – Select Agent(s)įinding an agent is the next step which is the person who will act on the powers that you give. There are 16 powers to choose from if you do not see the power you need, initialize next to “Other” and manually describe the power you wish to give to the agent. Because this is a “General” power of attorney, the principal needs to carefully read through the general power of attorney form and initialize in the blank underline to the left of the paragraph explaining the power. Obtaining a general power of attorney starts with knowing the “power” you wish to grant your agent (attorney-in-fact). Motor vehicle ownership or registration. ![]() Power to acquire, lease, or sell real estate.The form can be customized to match the specific financial needs of the principal. General power of attorney is the act of allowing another individual, known as the agent, to make specified financial decisions on the principal’s behalf. What is a General Power of Attorney (GPOA)? Signing Requirements – A GPOA is signed in accordance with state law.
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