Delaware Durable (Financial) Power of Attorney Form
The Delaware Durable (Financial) Power of Attorney initiates a legally-binding arrangement in which an Agent agrees to perform financially-related tasks on behalf of a party referred to as the Principal. Once the Agent has accepted the terms the Principal has set out, they will be obliged to uphold a number of corresponding legal responsibilities. Due to the durability of this form’s terms, the Agent will be required to continue to uphold them even in the event of the Principal’s incapacity.
State Laws & Signing Requirements
State Laws – Durable Personal Powers of Attorney Act
Signing Requirements (§ 49A-105) – State law allows a Durable Power of Attorney to be executed only if the following criteria regarding the form is met:
- It is signed and dated by the Principal,
- One (1) adult witness witnessed the signing, and
- A Notarial Officer acknowledged the execution of the form.