Printable  Durable Power of Attorney Template for Pennsylvania Customize Document Here

Printable Durable Power of Attorney Template for Pennsylvania

A Pennsylvania Durable Power of Attorney form is a legal document that allows an individual, known as the principal, to appoint someone else, referred to as the agent, to make decisions on their behalf. This authority remains in effect even if the principal becomes incapacitated, ensuring that their financial and medical matters can be managed without interruption. Understanding this form is crucial for anyone looking to safeguard their interests and ensure their wishes are honored in times of need.

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Outline

The Pennsylvania Durable Power of Attorney form serves as a critical legal document that allows individuals to designate an agent to make financial and healthcare decisions on their behalf in the event they become incapacitated. This form is essential for ensuring that personal and financial matters are managed according to one's wishes, even when they are unable to communicate those wishes themselves. It grants the appointed agent the authority to handle a wide range of responsibilities, including managing bank accounts, paying bills, and making medical decisions. Importantly, the durable nature of this power of attorney means that it remains effective even if the principal becomes mentally or physically unable to make decisions. Completing this form requires careful consideration, as the chosen agent must be someone the principal trusts implicitly. Moreover, the document can be customized to include specific powers or limitations, allowing individuals to tailor the authority granted to their unique needs and circumstances. Understanding the implications and requirements of the Pennsylvania Durable Power of Attorney form is vital for anyone looking to safeguard their future and ensure that their preferences are honored during times of incapacity.

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Pennsylvania Durable Power of Attorney

This Durable Power of Attorney is created pursuant to the laws of the Commonwealth of Pennsylvania, specifically under the Pennsylvania Consolidated Statutes, Title 20, Chapters 56 regarding Powers of Attorney. This legal document grants the person named as the agent the authority to act in place of the principal in financial matters even in the event the principal becomes disabled or incapacitated.

Date: ___________________________

Principal's Full Name: ___________________________________________

Principal's Address: _____________________________________________

Agent's Full Name: ___________________________________________

Agent's Address: _____________________________________________

Article 1: Assignment of Authority

The principal named above does hereby appoint the agent also named above as their Attorney-in-Fact to perform the following acts on their behalf:

  • To conduct any and all financial transactions including but not limited to, the buying or selling of real estate, stocks, and bonds.
  • To manage banking transactions.
  • To claim, sue for, and recover all sums of money.
  • To enter into contracts on behalf of the principal.
  • To handle matters related to insurance and annuities.
  • To make gifts of the principal's property.
  • To utilize the principal's property as security if the agent deems it beneficial for the principal's estate.

Article 2: Durability

This Power of Attorney shall continue to be effective in the event that I become disabled, incapacitated, or incompetent. By this document, I intend to create a Durable Power of Attorney as defined under Pennsylvania law.

Article 3: Third Parties

Any third party who receives a duly signed copy of this Power of Attorney may act under it. Revocation of this Power of Attorney is effective only upon receipt of written notification by the third party.

Article 4: Revocation

This Power of Attorney may be revoked by the principal at any time by providing written notice to the agent.

Article 5: Governing Law

This document is to be governed under the laws of the Commonwealth of Pennsylvania.

Signatures

Principal's Signature: _______________________________ Date: _______________

Agent's Signature: ___________________________________ Date: _______________

Witness #1 Signature: _______________________________ Date: _______________

Witness #2 Signature: _______________________________ Date: _______________

Notarization

This document was acknowledged before me on _____________________ (date) by _____________________ (name of principal).

Notary Public's Signature: ___________________________

My commission expires: ___________________

Document Data

Fact Name Description
Definition A Durable Power of Attorney (DPOA) allows an individual to appoint someone else to make financial decisions on their behalf, even if they become incapacitated.
Governing Law The DPOA in Pennsylvania is governed by the Pennsylvania Consolidated Statutes, specifically Title 20, Chapter 56.
Durability The "durable" aspect means that the authority granted continues even if the principal becomes mentally or physically incapacitated.
Principal and Agent The person creating the DPOA is called the principal, while the person designated to act is known as the agent or attorney-in-fact.
Types of Authority The DPOA can grant broad or limited powers, depending on the principal's preferences and specific needs.
Execution Requirements The DPOA must be signed by the principal and witnessed by two individuals or notarized to be valid in Pennsylvania.
Revocation The principal can revoke the DPOA at any time, as long as they are mentally competent to do so.
Importance of Choosing Wisely Choosing a trustworthy agent is crucial, as they will have significant control over the principal's financial matters.
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