Delaware Durable Springing Power of Attorney Form
The Delaware Financial Springing Power of Attorney permits an individual (a party referred to as the Principal) to delegate the handling of any financially-related tasks to another individual or entity (a party referred to as the Agent). A unique feature of this type of POA is that it will only “spring” into effect once the stipulated conditions have been met. This may be after the passing of a certain period of time, such as a certain date. Alternatively, it may be once a particular event has occurred, such as the Principal’s incapacity.
State Laws & Signing Requirements
State Laws – Durable Personal Powers of Attorney Act
Signing Requirements (§ 49A-105) – According to state law, any Delaware Financial Springing Power of Attorney created in Delaware must bear the signature of the Principal as well as the date of execution, of which were both completed before a Notarial Officer and one (1) adult witness.