South Carolina General (Financial) Power of Attorney Form
The South Carolina General (Financial) Power of Attorney is a document that is made up of legally-binding provisions that are a reflection the choices of the individual who has enacted it. This individual, known as the Principal, brings about this document for the purpose of recording how they want another party, their Agent, to represent them when carrying out one or more financial matters in their place. One feature of this particular type of Power of Attorney that must be acknowledged by both parties is the fact that if the Principal becomes incapacitated at some point after the document has been executed, it will be immediately retracted.
State Laws & Signing Requirements
State Laws – South Carolina Uniform Power of Attorney Act
Signing Requirements (§ 62-8-105) – The Principal, as per state law, must sign the General (Financial) Power of Attorney. They are responsible for ensuring that it is attested in a manner that carries the formality and requirements of wills made in the state i.e. witnessed and signed by two (2) witnesses.