General (Financial) Power Of Attorney Form PDF

‘General Power Of Attorney Form’ PDF Quick download link is given at the bottom of this article. You can see the PDF demo, size of the PDF, page numbers, and direct download Free PDF of ‘Printable Power Of Attorney Form’ using the download button.

General Power Of AttorneyTemplate PDF Free Download

What is a General Power of Attorney?

A general power of attorney is a legal document allowing a person (“principal”) to select someone else to make any type of financial decision on their behalf.

It can grant the same powers to the agent as a durable power of attorney and is the same in every respect except that it is non-durable.

Non-Durable 

A general power of attorney is non-durable, meaning it will terminate immediately after a principal becomes incapacitated or can no longer think for themselves.

Signing Requirements

StateSigning Requirements
 AlabamaNotary Public
 AlaskaNotary Public
 ArizonaOne (1) Witness and Notary Public
 ArkansasNotary Public
 CaliforniaTwo (2) Witnesses or Notary Public
 ColoradoNotary Public
 ConnecticutTwo (2) Witnesses and Notary Public
 DelawareOne (1) Witness and Notary Public
 FloridaTwo (2) Witnesses and Notary Public
 GeorgiaOne (1) Witness and Notary Public
 HawaiiNotary Public
 IdahoNotary Public
 IllinoisOne (1) Witness and Notary Public
 IndianaTwo (2) Witnesses or Notary Public
 IowaNotary Public
 KansasNotary Public
 KentuckyNotary Public
 LouisianaPrincipal Only
 MaineNotary Public
 MarylandTwo (2) Witnesses and Notary Public
 MassachusettsTwo (2) Witnesses
 MichiganTwo (2) Witnesses or Notary Public
 MinnesotaNotary Public
 MississippiPrincipal Only
 MissouriNotary Public
 MontanaNotary Public
 NebraskaNotary Public
 NevadaNotary Public
 New HampshireNotary Public
 New JerseyNotary Public
 New MexicoNotary Public
 New YorkTwo (2) Witnesses and Notary Public
 North CarolinaNotary Public
 North DakotaPrincipal Only
 OhioNotary Public
 OklahomaNotary Public
 OregonPrincipal Only
 PennsylvaniaTwo (2) Witnesses and Notary Public
 Rhode IslandNotary Public
 South CarolinaTwo (2) Witnesses and Notary Public
 South DakotaNotary Public
 TennesseePrincipal Only
 TexasNotary Public
 UtahNotary Public
 VermontOne (1) Witness and Notary Public
 VirginiaNotary Public
 WashingtonTwo (2) Witnesses or Notary Public
Washington D.C.
West VirginiaNotary Public
 WisconsinNotary Public
 WyomingNotary Public

How to Get a General Power of Attorney

Granting power of attorney using a general POA form involves selecting someone to be your “agent,” completing the form and signing in accordance with state law.

In theory, it is a simple process, but giving someone power of attorney means they will have the authority to make a number of important financial decisions, so the principal should be very mindful while completing each step.

Step 1 – Select an Agent

The most important step is to choose an agent that will represent the principal’s financial interests.

This type of power of attorney is common amongst business partners or anyone that would like representation for financial matters.

Alternate Agent – An alternate or “secondary” agent can be selected if the primary agent is not available.

Step 2 – Choose Powers

The principal can select any type of financial power including, but not limited to, those listed in the Uniform Power of Attorney Act (UPOAA):

Real Property

Tangible Personal Property

Stocks and Bonds

Commodities and Options

Banks and Other Financial Institutions

Operation of Entity or Business

Insurance and Annuities

Estates, Trusts, and Other Beneficial Interests

Claims and Litigation

Personal and Family Maintenance

Benefits from Governmental Programs or Civil or Military Service

Retirement Plans

Taxes

In addition, the principal may include special powers to run a business, manage or sell property, and any other financial act permissible by state and federal law.

Step 3 – Complete the Form

The principal and agent should complete the power of attorney together.

If there is anything the principal doesn’t understand they should seek legal counsel.

Step 4 – Sign the Power of Attorney

A general power of attorney must be signed in the same manner as a durable power of attorney; the state signing requirements can be referenced when completing this step (notarization and two (2) witnesses are commonplace)

How to Write a General Power of Attorney

1 – You Can Designate Your Authority To An Agent With This Paperwork

The appointment template to delegate general principal powers so an agent can represent you adequately can be found using the PDF, Word, or ODT buttons captioning the preview image.

If preferred, you can also download this document in these formats using the links above.

2 – Prepare The Title And Introduction With Information

When you are ready to attend to this paperwork open it with your editing program or print it so you may fill it out manually.

The declaration made by this paperwork will use some specific language that will need to be supplemented with facts describing the current goal.

The first such area, just below the title, is reserved for the principal.

If you are, the principal then places your full name (as it appears on your official paperwork) on the empty line below the title.

Record your name again, on the first blank space in the first paragraph.

This paragraph is a required statement, so make sure to fulfil the following requests for information accurately.

You must also present your complete address in this statement.

Produce your street address, city, and state of residence across the next three blank lines.

Now, this statement will require the attorney-in-fact’s information to be completed.

The attorney-in-fact is the entity that will act as the main agent.

He or she will be charged with representing the principal in the manner this paperwork defines.

Record the attorney-in-fact or agent name in the space labelled “Attorney-in-Fact’s Name.”

The attorney-in-fact’s complete address must be included to solidify his or her identity.

The last three blank spaces in this statement should be used to report the street address, city, and state where he or she resides.

Note: It is strongly recommended you use the address reported on his or her identification (i.e. driver’s license).

3 – Review, Determine, and Then Approve The Principal Authority You Wish to designate

The next area will deal with the rights you are granting the Attorney-in-Fact by appointing him or her with the principal power you hold over one or more subject matters of your choosing.

Such matters are categorized and described by the list included in “I. Powers.”

If you would like the Attorney-in-Fact to have the authority to represent you in a way described by one of the list items, then place your initials on the blank space that precedes it.

When this paperwork is completed and signed it will define the principal powers given to the Attorney-in-Fact using only the items on this list that bear the principal’s initials.

Author
Language English
No. of Pages7
PDF Size2 MB
CategoryForm
Source/Creditseforms.com

General Power Of AttorneyTemplate PDF Free Download

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