Hawaii Durable (Financial) Power of Attorney Form
The Hawaii Durable (Financial) Power of Attorney lets an individual (referred to as the Principal) name another person or entity who has agreed to perform certain financial transactions on their behalf. The named party (referred to as the Agent) has a legal obligation to complete all of the duties specified by the Principal with due diligence. The Principal may only wish the Agent to perform a one-off action, such as opening a bank account, or attend to their interests in an ongoing capacity, such as depositing funds into a specific account on a bi-monthly basis.
State Laws & Signing Requirements
State Laws – Uniform Power of Attorney Act
Signing Requirements (§ 551E-3) – It is mandatory that a Notary Public authorizes the Principal’s signature on the Durable (Financial) Power of Attorney form.
The University of Hawai’i Elder Law Program has published a simple checklist for anyone who is in the process of making an Advance Directive to refer to. It provides ten helpful pointers that a Principal should follow in order to make the process of drafting and executing an Advance Directive as trouble-free as possible.