Pa Durable Power Of Attorney Template

These forms can be executed and revoked only when the principal is of a sound mind and competent enough to make such decisions.

Pa durable power of attorney template. This form can go into effect upon a person s incapacity and it will remain in effect thereafter. The term durable comes from the fact that this authorization continues over the grantor s finances if he or she were to become disabled or incapacitated. Irrespective of what they re called all powers of attorney in pennsylvania are assumed to be durable unless your document states otherwise. The poa template above is also called a pa financial power of attorney or a general power of attorney. It is durable because the form does not terminate when the principal becomes.

Pennsylvania power of attorney forms are legal documents used to appoint an attorney in fact to represent a person in certain financial medical and other important life affairs. A pennsylvania durable power of attorney is a long term arrangement between two individuals. Adobe pdf ms word docx opendocument signing requirements. Two 2 witnesses and a notary acknowledgment. For the most part people execute these documents so an agent has the right to make decisions regarding the principal s finances or health care.

A power of attorney is a legal tool allowing a principal to designate an agent to act on behalf of the principal. The pennsylvania general power of attorney form allows for the designation and appointment of an individual to have unlimited rights to the financial representation of a principal. Some powers of attorney terminate upon the principal s incapacitation whereas a durable. A durable also known as a statutory power of attorney is an extended version of a general power of attorney because it goes beyond the parameters of a general power of attorney. This type of power of attorney form is used to transfer financial authority from the principal to the attorney in fact.

Durable power of attorney using this form a person may plan to have a friend or relative available to make financial decisions on his or her behalf.