Louisiana General (Financial) Power of Attorney Form
The Louisiana General (Financial) Power of Attorney is a legal agreement between two parties—a Principal who requires another party to handle their finances on their behalf, and a Mandatory who agrees to abide by the obligations attached to such a responsibility. Obligations may include those related to banking, investments, or any other financial transactions the Principal lists. In contrast to a Durable Power of Attorney, this type of contract will terminate instantaneously if the Principal becomes incapable of communicating for themselves.
State Laws & Signing Requirements
State Laws – Representation and Mandate
Signing Requirements (Art. 2993) – Due to the fact that the law does not state any singning requirements for a General (Financial) Power of Attorney Form, the Principal has the prerogative to decide whether or not they want their signature to the form acknowledged in any way. If they choose to, they are recommended to have a Notary Public and/or two (2) witnesses present.