Iowa Durable (Financial) Power of Attorney
The Iowa Durable (Financial) Power of Attorney is a legal document that an individual (named the Principal) can create to nominate an individual or entity (named the Agent) to act on their behalf to perform certain financial tasks, even when they become incapacitated. Common tasks an Agent may handle on the Principal’s behalf include managing investments, paying bills, and depositing or withdrawing money.
State Laws & Signing Requirements
State Laws – Iowa Uniform Power of Attorney Act
Signing Requirements (§ 633B.105) – The Principal needs to sign the Durable POA to signify their intention to execute it. The Principal is required to make this signature in front of an individual who is authorized to take acknowledgments e.g. a Notary Public.