Massachusetts General (Financial) Power of Attorney Form
The Massachusetts General (Financial) Power of Attorney is a form used by a party referred to as the Principal to authorize another party (named the Agent) to act in a representative capacity to manage their financial transactions. These transactions may involve banking, investments, retirement funds, and other affairs of a financial nature. The powers granted to the Agent will only remain active if the Principal is in a capable state. As soon as they become incapable of acting for themselves, the Agent will be legally required to relinquish any and all powers.
State Laws & Signing Requirements
State Laws – Massachusetts Uniform Probate Code
Signing Requirements – A Principal of a Massachusetts General (Financial) Power of Attorney is not bound by state-mandated signing requirements. If they seek someone to be present at the time they put their signature to the form, any of the following three (3) options are recommended:
- A Notary Public acknowledges the Principal’s signature,
- Two (2) disinterested witnesses witness the Principal’s signature,
- A Notary Public and two (2) witnesses are present at the time the Principal signs their name.