General information about General Durable Power of Attorney for Property and Finances
This legal document allows you, as the principal, to appoint an agent to manage your financial affairs and property. The powers granted to the agent remain effective even if you become incapacitated. This form does not cover health care decisions; it focuses solely on property and financial matters.
When this form may be needed
This form is useful in various situations, such as:
- When you want someone to manage your finances if you become unable to do so.
- If you are traveling or living abroad and need someone to handle your financial matters.
- During periods of illness or recovery when you may not be able to make financial decisions.
Typical users of General Durable Power of Attorney for Property and Finances
This form is intended for individuals who wish to delegate authority over their financial and property matters to a trusted person, known as the agent. It is suitable for:
- Adults planning for potential incapacity.
- Individuals with extensive assets requiring management.
- People who travel frequently and need someone to oversee their finances.
Sections you'll need to complete
The Delaware General Durable Power of Attorney includes several important sections:
- Designation of Agent: Names the person authorized to act on your behalf.
- Effective Date: Specifies when the powers granted to the agent begin.
- Grant of General Authority: Lists the specific powers the agent will have.
- Grant of Specific Authority: Allows you to specify additional powers that may significantly affect your property.
- Agent's Duties: Outlines the responsibilities and legal obligations of the agent.
Instructions for completing the General Durable Power of Attorney for Property and Finances
Follow these steps to fill out the form:
- Identify the Principal: Fill in your name as the principal at the beginning of the form.
- Designate the Agent: Provide the name, address, and phone number of the person you are appointing as your agent.
- Choose Additional Agents (Optional): If desired, name any additional agents and specify their roles (successive, concurrent, or joint).
- Set the Effective Date: Indicate whether the power of attorney is effective immediately or only upon your incapacity.
- Grant Authority: Initial the categories of authority you wish to grant to your agent, crossing out any you do not want included.
- Sign and Date: Complete the form by signing it in the presence of witnesses and a notary, if required.
Where this form is valid and how
This form adheres to Delaware state laws regarding durable powers of attorney, specifically outlined in Delaware Code Title 12 Chapter 49A. It is essential to follow the specific guidelines provided in this code to ensure the document is legally valid in Delaware.
Complete this form from anywhere
Accessing the Delaware General Durable Power of Attorney online offers several advantages:
- Convenience: Download and complete the form at your own pace from anywhere.
- Editability: Easily modify the document to fit your specific needs before finalizing it.
- Legal Reliability: The form is drafted by licensed attorneys, ensuring it meets legal standards.
