Vermont General (Financial) Power of Attorney Form
The Vermont General (Financial) Power of Attorney (POA) is a legal instrument designed to protect the interests of both the person who brings it about (the Principal) and the party they name as their representative to handle their financial affairs (their Agent). This document does so by ensuring that all terms featured within its pages are reflective of relevant state POA laws. A noteworthy term that both parties must agree to in order for the document to be executed is that regarding the Principal’s incapacity. This term (which is a feature of all General POA forms) states that the Agent must cease to use any decision making powers they have been granted if such a situation arises.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (14 V.S.A. § 3503) – Once the Principal has filled out any sections which apply the them in the Vermont General (Financial) Power of Attorney, they must sign the document. It is mandated by the state the signing occurs before at least one (1) witness. The law also states that the document must be acknowledged before a Notary Public.