Oregon Durable (Financial) Power of Attorney Form
The Oregon Durable (Financial) Power of Attorney is a document that conveys an individual’s choices in regards to a Power of Attorney which they acknowledge will terminate upon their incapacity. These choices may include details about the actions the individual (referred to as the Principal) wants the party they nominate (their Agent) to perform on their behalf. For instance, the Principal may specify that they will only permit the Agent to attend to some of their financial tasks, such as making payments to a particular service provider, whereas will not provide the same permission for other tasks, such as opening up a new bank account.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (§ 127.005) – Oregon state law does not stipulate any signing requirements for a Durable Power of Attorney to be effective. It is therefore recommended that a Principal:
- Signs the Power of Attorney,
- Organizes for a Notary Public to acknowledge their signature, and
- Organizes for two (2) disinterested witnesses to witness the signature.