Maryland Statutory Durable Power of Attorney Form
Anyone who wants to ensure that their Power of Attorney will carry on in the event of their future incapacity should make a Maryland Statutory Durable (Financial) Power of Attorney (POA). This type of POA contains legally-binding terms which establish that the arrangement between a Principal and their Agent noted within should continue, without change, if such circumstances transpire. The Principal should include details about the arrangement, such as the financial matters they wish the Agent to handle, when the document will come into effect, and any other guidelines for the Agent to follow.
State Laws & Signing Requirements
State Laws – Maryland General and Limited Power of Attorney Act
Signing Requirements (§ 17-110) – Statutory Durable Power of Attorney Forms created in the state of Maryland are only legally valid if:
- The Principal’s signature is acknowledged by a Notary Public, and
- Two (2) or more adult witnesses attest and sign the contract in the Principal’s presence as well as that of one another.