Minnesota General (Financial) Power of Attorney Form
A Minnesota General (Financial) Power of Attorney is a legal document of a non-durable nature, meaning that it will expire immediately upon the Principal’s incapacity. Up until this point (that is, if it eventuates), an Agent will have the legal powers to act on the Principal’s behalf to perform financial tasks. These tasks may consist of such acts as making deposits and payments, organizing the Principal’s retirement funds, and organizing meetings with representatives of relevant financial institutions.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (§ 523.01) – It is a state law requirement that the Principal of a General (Financial) POA signs and dates it. In cases where the Principal will either a) sign by mark or b) direct another party to sign on their behalf, the POA must additionally be acknowledged by a Notary Public.