[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"page-\u002Fcategories\u002Fpersonal-affairs\u002Ffinancial-power-of-attorney":3},{"type":4,"data":5},"product",{"product_name":6,"slug":7,"category_slug":8,"order_type":9,"product_version_slug":10,"preview":11,"is_previewable":12,"related_products":13,"related_articles":39,"breadcrumbs":72,"productName":6,"productDescription":-1,"productVersionSlug":10,"localeId":-1,"landerSlug":7,"categorySlug":8,"_cmsSource":78,"hero":79,"quickLinks":98,"page_body":99,"meta_information":467,"sidebar_ad":471,"disclaimer":97,"stateSlug":82},"Financial Power Of Attorney","financial-power-of-attorney","personal-affairs","Document","fpoa-001","  <center><p class='title center'><strong>FINANCIAL POWER OF ATTORNEY<\u002Fstrong><\u002Fp><\u002Fcenter><br \u002F><br \u002F>  <p>This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the Alabama Uniform Power of Attorney Act, Chapter 1A, Title 26, Code of Alabama 1975.<\u002Fp>  <p>This power of attorney does not authorize the agent to make health care decisions for you. Such powers are governed by other applicable law.<\u002Fp>  <p>You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent's authority will continue until you die or revoke the power of attorney, or the agent resigns or is unable to act for you.<\u002Fp>  <p>Your agent is entitled to reimbursement of reasonable expenses and reasonable compensation unless you state otherwise.<\u002Fp>  <p>If your agent is unable or unwilling to act for you, your power of attorney will end unless you have named a successor agent. You may also name a second successor agent.<\u002Fp>  <p>This power of attorney becomes effective immediately unless you state otherwise.<\u002Fp>  <p>If you have questions about the power of attorney or the authority you are granting to your agent, you should seek legal advice before signing this form.<\u002Fp><ol>  <li>    <strong>APPOINTMENT OF MY AGENT.<\u002Fstrong> I, <span style='background: #BBBBBB;'>_____________<\u002Fspan> (hereinafter referred to as "<strong>Principal<\u002Fstrong>"), hereby execute this Financial Power of Attorney appointing the following named individual as my "<strong>Agent<\u002Fstrong>" (also known as Attorney-in-Fact):    <br \u002F>    <br \u002F>    Name: <span style='background: #BBBBBB;'>_____________<\u002Fspan>    <br \u002F>    Address: <span style='background: #BBBBBB;'>_____________<\u002Fspan>    <br \u002F>    <span style='background: #BBBBBB;'>_____________<\u002Fspan>, <span style='background: #BBBBBB;'>_____________<\u002Fspan> <span style='background: #BBBBBB;'>_____________<\u002Fspan>    <br \u002F>    Phone Number: <span style='background: #BBBBBB;'>_____________<\u002Fspan>  <\u002Fli>  <li><strong>EFFECTIVENESS.<\u002Fstrong> This Power of Attorney shall be effective starting . This Power of Attorney is not durable, and shall terminate or be void if I become incapacitated.<\u002Fli>  <li><strong>AGENT AS FIDUCIARY.<\u002Fstrong> I give my Agent the powers specified in this Power of Attorney with the understanding that they will be exercised for my benefit, on my behalf, and solely in a fiduciary capacity.<\u002Fli>        <li><strong>GENERAL AUTHORITY TO ACT.<\u002Fstrong> Except where specifically limited herein, I hereby grant my Agent, including any Successors, the authority to act on my behalf with respect to the following financial subjects: <strong>(INITIAL ALL POWERS THAT APPLY)<\u002Fstrong><\u002Fli>    <ol class="lower-alpha">                                                                            <\u002Fol>      <li><strong>ADDITIONAL PROVISIONS.<\u002Fstrong> The following provisions apply to the powers granted above:<\u002Fli>  <ol class="lower-alpha">    <li><strong>After-Acquired Property.<\u002Fstrong> The powers granted to my Agent in this instrument are exercisable equally with respect to interests in property I own when this instrument is executed and after-acquired property interests, wherever the property is located, and whether or not the powers are exercised or the Power of Attorney is executed in the same state.<\u002Fli>    <li><strong>Restrictions on Property Management Powers.<\u002Fstrong> Notwithstanding any other provision in this instrument, my Agent does not have any of the following powers related to property management: to use my property to discharge the legal obligations of my Agent, including but not limited to the support of the dependents of my Agent, except for those dependents to whom I also, along with my Agent, owe a duty of support; to exercise any incident of ownership over any insurance policy that I own and that insures the life of my Agent; or to exercise powers of a trustee under an irrevocable trust of which my Agent is the settlor and of which I am a trustee.<\u002Fli>    <li><strong>Beneficial Use.<\u002Fstrong> An Agent that is not my ancestor, spouse, or descendant MAY NOT use my property to benefit the Agent or a person to whom the Agent owes an obligation of support unless I have included that authority in the Special Instructions.<\u002Fli>      <\u002Fol>    <li><strong>AMPLIFYING POWERS<\u002Fstrong><\u002Fli>  <ol class="lower-alpha">    <li><strong>Compensation.<\u002Fstrong>              My Agent will serve without compensation for services rendered as Agent under this Power of Attorney. My Agent remains entitled to reimbursement of expenses as provided below.          <\u002Fli>    <li><strong>Reimbursement for Costs and Expenses.<\u002Fstrong> My Agent will be entitled to reimbursement from my property for expenditures properly made in performing the services conferred by me in this instrument. My Agent must keep records of any such expenditures and reimbursements.<\u002Fli>    <li><strong>Reliance by Third Parties.<\u002Fstrong> To induce third parties to rely on the provisions of this instrument, I, for myself and on behalf of my heirs, successors, and assigns, hereby waive any privilege that may attach to information requested by my Agent in the exercise of any of the powers described in this instrument. Moreover, on behalf of my heirs, successors, and assigns, I hereby agree to hold harmless any third party who acts in reliance on this power for damages or liability incurred as a result of that reliance.<\u002Fli>    <li><strong>Ratification.<\u002Fstrong> I ratify and confirm all that my Agent does or causes to be done under the authority granted in this instrument. All contracts, promissory notes, checks, or other bills of exchange, drafts, other obligations, stock powers, instruments, and other documents signed, endorsed, drawn, accepted, made, executed, or delivered by my Agent will bind me, my estate, my heirs, successors, and assigns.<\u002Fli>    <li><strong>Exculpation of Agent.<\u002Fstrong> My Agent will not be liable to me or any of my successors in interest for any action taken or not taken in good faith, but will be liable for any willful misconduct or gross negligence.<\u002Fli>    <li><strong>Revocation and Amendment.<\u002Fstrong> I retain the right to revoke or amend this Power of Attorney and to substitute other agents in place of my Agent. Amendments to this Power of Attorney must be made in writing by me personally. They must be attached to the original of this document and, if the original is recorded, must be recorded in the same county or counties as the original, although failure to record any amendment will not alter its affect.<\u002Fli>          <li><strong>Limitations on Agent's Authority.<\u002Fstrong> An agent that is not my ancestor, spouse, or descendant MAY NOT use my property to benefit the agent or a person to whom the agent owes an obligation of support unless I have included that authority. Except for any special instructions given herein to the agent to make gifts, the following shall apply:<\u002Fli>      <ol class="lower-roman">        <li>Any power or authority granted to my Agent herein shall be limited so as to prevent this Power of Attorney from causing any Agent to be taxed on my income or from causing my assets to be subject to a “general power of appointment” by my Agent as defined in 26 U.S.C. § 2041 and 26 U.S.C. § 2514 of the Internal Revenue Code of 1986, as amended; and<\u002Fli>        <li>My Agent shall have no power or authority whatsoever with respect to any policy of insurance owned by me on the life of my Agent, or any trust created by my Agent as to which I am a trustee.<\u002Fli>      <\u002Fol>      <\u002Fol>  <li><strong>GENERAL PROVISIONS<\u002Fstrong><\u002Fli>  <ol class="lower-alpha">    <li><strong>Signature of Agent<\u002Fstrong>. My Agent must use the following form when signing on my behalf pursuant to this Power of Attorney: "[Principal] by [Agent], his or her Agent."<\u002Fli>    <li><strong>Severability.<\u002Fstrong> If any of the provisions of this instrument are found to be invalid for any reason, that invalidity will not affect any of the other provisions of this power, and all invalid provisions will be wholly disregarded.<\u002Fli>    <li><strong>Governing Law.<\u002Fstrong> This Agreement shall be governed, construed, and enforced in accordance with the laws of the State of <span style='background: #BBBBBB;'>_____________<\u002Fspan>, without regard to its conflict of laws rules.<\u002Fli>    <li><strong>Reliance on This Power of Attorney.<\u002Fstrong> Any person, including my Agent, may act in reliance upon the validity of this Power of Attorney or a copy of it unless that person knows it has terminated or is no longer valid.<\u002Fli>  <\u002Fol>  <li><strong>SPECIAL INSTRUCTIONS (OPTIONAL)<\u002Fstrong><br>    <br>    You may give any special instructions on the following lines:<\u002Fli>  <ol>    <li>___________________________________________________________________________________________________________<\u002Fli>    <li>___________________________________________________________________________________________________________<\u002Fli>    <li>___________________________________________________________________________________________________________<\u002Fli>    <li>___________________________________________________________________________________________________________<\u002Fli>  <\u002Fol><\u002Fol>  <p><strong>This Power of Attorney is executed by me on _____________, in <span style='background: #BBBBBB;'>_____________<\u002Fspan>.<\u002Fstrong><\u002Fp><p>Name: <span style='background: #BBBBBB;'>_____________<\u002Fspan><\u002Fp><p>Signature: _________________________________<\u002Fp><p>SSN or TIN: ____________________________<\u002Fp><p>Address: <span style='background: #BBBBBB;'>_____________<\u002Fspan>  <br \u002F>  <span style='background: #BBBBBB;'>_____________<\u002Fspan>, <span style='background: #BBBBBB;'>_____________<\u002Fspan> <span style='background: #BBBBBB;'>_____________<\u002Fspan><\u002Fp><p>Phone Number: <span style='background: #BBBBBB;'>_____________<\u002Fspan><\u002Fp><div class='-page-break'><\u002Fdiv><center><p class='title center'><strong>NOTICE TO PERSON ACCEPTING THE APPOINTMENT AS ATTORNEY-IN-FACT<\u002Fstrong><\u002Fp><\u002Fcenter><br \u002F><br \u002F>  <p>IMPORTANT INFORMATION FOR THE AGENT:<\u002Fp>  <p>You may not transfer Principal's property to yourself without full and adequate consideration or accept a gift of Principal's property unless this Power of Attorney specifically authorizes you to transfer property to yourself or accept a gift of Principal's property. If you transfer Principal's property to yourself without specific authorization in the Power of Attorney, you may be prosecuted for fraud and\u002For embezzlement. If Principal is 65 years of age or older at the time that the property is transferred to you without authority, you may also be prosecuted for elder abuse. In addition to criminal prosecution, you may also be sued in civil court.<\u002Fp>  <p>You must stop acting on behalf of Principal if you learn of any event that terminates this Power of Attorney or your authority under this Power of Attorney; for example, the death of Principal; Principal's revocation of this Power of Attorney or your authority; or, if you are married to Principal, a legal action is filed with a court to end your marriage, or for your legal separation, unless the Special Instructions in this Power of Attorney state that such an action will not terminate your authority.<\u002Fp>  <p><strong>If there is anything about this document or your duties that you do not understand, you should seek legal advice.<\u002Fstrong><\u002Fp>  <p>I have read the foregoing notice, and I understand the legal and fiduciary duties that I assume by acting or agreeing to act as Agent (Attorney-in-Fact) under the terms of this Power of Attorney.<\u002Fp>  <p>By acting or agreeing to act as Agent (also known as Attorney-in-Fact) under this Power of Attorney, you assume the fiduciary and other legal responsibilities of an agent. These responsibilities include the following:<\u002Fp>  <ol>    <li>The legal duty to act solely in the interest of Principal and to avoid conflicts of interest.<\u002Fli>    <li>The legal duty to keep Principal's property separate and distinct from any other property owned or controlled by you.<\u002Fli>  <\u002Fol><p><strong>ACCEPTANCE BY AGENT<\u002Fstrong><\u002Fp><p><b>Name: <span style='background: #BBBBBB;'>_____________<\u002Fspan><\u002Fb><\u002Fp><p>Signature: _________________________     Dated: _________________<\u002Fp><div class='-page-break'><\u002Fdiv>  <center><p class='title center'><strong>STATEMENT OF WITNESS<\u002Fstrong><\u002Fp><\u002Fcenter><br \u002F><br \u002F>  <p>I declare under penalty of perjury: 1) that the individual who signed or acknowledged this Power of Attorney is personally known to me, or that the individual's identity was proven to me by convincing evidence; 2) that the individual signed or acknowledged this Power of Attorney in my presence; 3) that the individual appears to be of sound mind and under no duress, fraud, or undue influence; and 4) that I am not a person appointed as Agent by this Power of Attorney.<\u002Fp>  <p><b>FIRST WITNESS<\u002Fb><\u002Fp>  <p>Name: _________________________________<\u002Fp>  <p>Signature: _________________________     Dated: _________________<\u002Fp>  <p><b>SECOND WITNESS<\u002Fb><\u002Fp>  <p>Name: _________________________________<\u002Fp>  <p>Signature: _________________________     Dated: _________________<\u002Fp><div class='-page-break'><\u002Fdiv>  <center><p class='title center'><strong>Instructions for Your Financial Power of Attorney<\u002Fstrong><\u002Fp><\u002Fcenter><br \u002F><br \u002F><p>In this financial power of attorney, you, the "Principal," specify what powers your "Agent" (a.k.a. your Attorney-in-Fact) has over your financial matters. You can give your Agent decision-making authority over almost any of your financial affairs, and this form gives you flexibility in tailoring the document to your specific needs.<\u002Fp><p>Note, however, that some powers cannot legally be delegated to your Agent, including the powers to make, amend, or revoke your will; and to vote in a public election. This document does not authorize your Agent to make healthcare decisions for you.<\u002Fp><p>A non-durable power of attorney terminates when you die or become incapacitated. A durable power of attorney allows your Agent to act for you even when you become incapacitated. "Incapacitated" means that you are no longer able to understand and evaluate information in order to make competent decisions regarding your affairs, usually due to physical or mental impairment. A durable power of attorney continues until you die or revoke your Agent's powers.<\u002Fp><p>An Agent can be a friend, family member, business partner, or anyone else you trust. Whether your Agent receives compensation depends on the choice you made in this document; regardless of that choice, your Agent may be reimbursed for reasonable expenses.<\u002Fp><p><strong>How to Execute Your Document<\u002Fstrong><\u002Fp><p>To make your power of attorney legally binding, you need to sign the document in the presence of the appropriate witnesses. Use the list below to locate your state's witnessing requirements. Because financial institutions and other entities often require it to be notarized, we recommend that you use a notary even if your state does not require it. Make sure any witnesses you use are not appointed as Agents in the instrument, related to the Principal by blood, or beneficiaries of the Principal's estate.<\u002Fp><p>You do not have to record a power of attorney to make it legally binding. However, if you are giving your Agent the power to handle real estate transactions for you and it is likely your Agent will use this power on your behalf in the future, it is best to go ahead and record the document for a small fee (usually $20-$30).<\u002Fp><p>Remember, you can revoke or amend your power of attorney at any time after it goes into effect.<\u002Fp><p><strong>Witnessing Requirements<\u002Fstrong><\u002Fp><p>In     Alabama, at least two witnesses must sign.   It is best (and we  recommend) to have two disinterested witnesses AND a notary sign your power of attorney. 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LegalNature allows you to build this document as durable, so the powers granted persist even after you are incapacitated, or limited, meaning the financial authority granted expires.","default","left","rich-content",{"hideOnMobile":82,"hideOnDesktop":82},{"id":142,"heading":143,"layout":144,"columns":145,"itemStyle":146,"blockName":82,"items":147,"blockType":195,"visibility":196},"6a4437af5f8d5507b0202c70","Choose the right power of attorney for you","grid","2","card-with-image",[148,159,170],{"id":149,"title":22,"description":150,"legacyHtml":82,"image":82,"imageUrl":157,"url":158},"6a46c75f8e047ade417db16f",{"root":151},{"type":104,"format":97,"indent":105,"version":106,"children":152,"direction":82},[153],{"type":117,"format":97,"indent":105,"version":106,"children":154,"direction":82,"textStyle":97,"textFormat":105},[155],{"mode":113,"text":156,"type":115,"style":97,"detail":105,"format":105,"version":106},"Using a power of attorney enables you to give someone permission to act on your behalf and manage medical, financial, real estate, business, or personal affairs.","https:\u002F\u002Fcdn.buttercms.com\u002FblGQUfjSxKf38c3Qhq2A","https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fpersonal-affairs\u002Fpower-of-attorney",{"id":160,"title":161,"description":162,"legacyHtml":82,"image":82,"imageUrl":157,"url":169},"6a4437d95f8d5507b0202c73","Durable Power of Attorney",{"root":163},{"type":104,"format":97,"indent":105,"version":106,"children":164,"direction":82},[165],{"type":117,"format":97,"indent":105,"version":106,"children":166,"direction":82,"textStyle":97,"textFormat":105},[167],{"mode":113,"text":168,"type":115,"style":97,"detail":105,"format":105,"version":106},"Stays valid even if you become incapacitated — the most common choice for long-term financial and estate planning.","https:\u002F\u002Fwww.legalnature.com\u002Fcategories\u002Fpersonal-affairs\u002Fdurable-power-of-attorney",{"id":171,"title":172,"description":173,"legacyHtml":82,"image":82,"imageUrl":193,"url":194},"6a4437f55f8d5507b0202c74","Healthcare Power of Attorney",{"root":174},{"type":104,"format":97,"indent":105,"version":106,"children":175,"direction":82},[176],{"type":117,"format":97,"indent":105,"version":106,"children":177,"direction":82,"textStyle":97,"textFormat":105},[178,180,191],{"mode":113,"text":179,"type":115,"style":97,"detail":105,"format":105,"version":106},"Authorizes a trusted person to make medical decisions if you are unable to communicate your wishes, including end-of-life care and treatment choices. 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You decide whether to give broad authority or limit your agent to specific tasks.",{"id":420,"question":421,"answer":422,"legacyHtml":82},"6a443b36e91a7c196a9c2d8e","Does a financial power of attorney need to be durable?",{"root":423},{"type":104,"format":97,"indent":105,"version":106,"children":424,"direction":82},[425],{"type":117,"format":97,"indent":105,"version":106,"children":426,"direction":82,"textStyle":97,"textFormat":105},[427],{"mode":113,"text":428,"type":115,"style":97,"detail":105,"format":105,"version":106},"It doesn't have to be, but most people want it to be. A non-durable financial power of attorney ends the moment you become incapacitated, which is often exactly when your agent's authority is needed most. LegalNature's financial power of attorney may be durable or non-durable by your choice.",{"id":430,"question":431,"answer":432,"legacyHtml":82},"6a443b42e91a7c196a9c2d8f","Can a financial power of attorney be revoked?",{"root":433},{"type":104,"format":97,"indent":105,"version":106,"children":434,"direction":82},[435],{"type":117,"format":97,"indent":105,"version":106,"children":436,"direction":82,"textStyle":97,"textFormat":105},[437],{"mode":113,"text":438,"type":115,"style":97,"detail":105,"format":105,"version":106},"Yes. As long as you're mentally competent, you can revoke your financial power of attorney at any time by creating and signing a revocation document and notifying your agent and any institutions that have a copy on file.",{"id":440,"question":441,"answer":442,"legacyHtml":82},"6a443b4fe91a7c196a9c2d90","Does my financial power of attorney need to be notarized?",{"root":443},{"type":104,"format":97,"indent":105,"version":106,"children":444,"direction":82},[445],{"type":117,"format":97,"indent":105,"version":106,"children":446,"direction":82,"textStyle":97,"textFormat":105},[447],{"mode":113,"text":448,"type":115,"style":97,"detail":105,"format":105,"version":106},"Most states require notarization for a financial power of attorney to be legally valid, though specific requirements vary. LegalNature's forms are built to reflect your selected state's signing and notarization requirements.",{"id":450,"question":451,"answer":452,"legacyHtml":82},"6a443b5ae91a7c196a9c2d91","Can I limit what my agent is allowed to do?",{"root":453},{"type":104,"format":97,"indent":105,"version":106,"children":454,"direction":82},[455],{"type":117,"format":97,"indent":105,"version":106,"children":456,"direction":82,"textStyle":97,"textFormat":105},[457],{"mode":113,"text":458,"type":115,"style":97,"detail":105,"format":105,"version":106},"Yes. You can grant broad authority across all financial matters, or limit your agent to specific tasks, such as a single transaction or a defined set of responsibilities.","faqs",{"hideOnMobile":82,"hideOnDesktop":82},{"id":462,"headline":463,"text":464,"image":82,"ctaText":82,"blockName":82,"blockType":465,"visibility":466},"6a443b9ee91a7c196a9c2d92","Create your financial power of attorney today","A financial power of attorney gives someone you trust the legal authority to manage your money and property, and LegalNature gives you the option to build yours in the way you wish.","get-started",{"hideOnMobile":82,"hideOnDesktop":82},{"title":468,"description":469,"keyword":97,"og_image":470},"Financial Power of Attorney Form Online | LegalNature","Create a financial power of attorney online in minutes. 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