Maine Durable (Financial) Power of Attorney Form

The Maine Durable (Financial) Power of Attorney (POA) is a legal document that carries a number of notable features. Namely, it allows for:

  1. An individual (called the Principal) to nominate another party (called the Agent) to handle one or more financial affairs for them.
  2. The Agent to receive certain decision making powers from the Principal that make it possible to lawfully act on their behalf.
  3. The Agent to continue to exercise their powers even in the event of the Principal’s incapacity (in line with the “durable” nature of this form).

State Laws & Signing Requirements

State Laws – Maine Uniform Power of Attorney Act

Signing Requirements (§ 5-905) – Acknowledgement of the Principal’s signature by an authorized party (such as a Notary Public) is the only requirement stated for a Durable (Financial) Power of Attorney Form created in Maine.