Maryland General (Financial) Power of Attorney Form
The Maryland General (Financial) Power of Attorney (POA) sets out in a lawful manner an agreement for one party named the Agent to handle the financial transactions of another party named the Principal in their absence. If no starting date or special circumstances have been stated to bring this agreement into effect, the validity of the POA will begin upon its execution. However, due to the “general” terms of this particular type of POA, it is mandatory for it to be terminated if the Principal becomes incapacitated—regardless of the any end date or special circumstances that have been specified.
State Laws & Signing Requirements
State Laws – Maryland General and Limited Power of Attorney Act
Signing Requirements (§ 17-110) – It is mandated by state law that the Principal must sign the General Power of Attorney before a Notary Public. In addition, at least two (2) adult witnesses must attest and sign the POA. The signing must take place in the Principal’s presence as well as in the presence of one another.