Minnesota Durable (Financial) Power of Attorney Form
The Minnesota Durable (Financial) Power of Attorney (POA) is a contract that outlines the obligations an Agent who has agreed to organize a Principal’s finances on their behalf must follow. Handling banking matters, making investments, and engaging with financial institutions are a few examples of the tasks an Agent may be charged with under this contract. Given the durability of this type of POA, the Agent must continue to perform any tasks in the event of the Principal’s incapacity.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (§ 523.04) – The POA must be dated and signed by the Principal. If the Principal will either sign by mark or nominate another party to sign on their behalf, the POA must be acknowledged by a Notary Public.