Louisiana Durable (Financial) Power of Attorney Form
A Power of Attorney, referred to as a Mandate in Louisiana state law (Art. 2989), is a contract “by which a person, the Principal, confers authority on another person, the Mandatary, to transact one or more affairs for the Principal.” The Louisiana Durable (Financial) Power of Attorney (POA) is a type of Mandate that is formed by a principal who requires a Mandatory to handle their financial affairs. It also carries with it considerations regarding the Mandate’s ability to exercise their powers. That is, their powers will endure if the Principal becomes incapacitated.
State Laws & Signing Requirements
State Laws – Representation and Mandate
Signing Requirements (Art. 2993) – A Principal of a Louisiana Durable (Financial) Power of Attorney form does not need to attend to any signing requirements for the contract to be lawfully executed. If they wish, they can choose to have their signature acknowledged by a Notary Public and/or two (2) witnesses. Having one or both of these parties present will give more weight to the legality of the Power of Attorney arrangement—of which may come in handy if a dispute regarding it occurs in the future.