Rhode Island General (Financial) Power of Attorney Form
The Rhode Island General (Financial) Power of Attorney is a document that spells out the manner in which an individual wants another party, their Agent, to act on their behalf to complete one or more financial transactions. So long as the Agent agrees to fulfill the responsibilities associated with the transactions and none of them contravene state law, the Principal has the prerogative to decide which financial transactions they require the Agent’s help with completing. As a general type of Power of Attorney, the Agent’s decision making powers will be cut off if the Principal becomes incapacitated.
State Laws & Signing Requirements
State Laws – Rhode Island Short Form Power of Attorney Act
Signing Requirements (§ 18-16-2) – All General Power of Attorney arrangements will only be considered valid upon the Principal signing the form. It is not a requirement for a Notary Public to acknowledge the form nor for witnesses to be present, however both of these are highly recommended.