Montana Durable (Statutory) Power of Attorney Form
Anyone who is concerned with the thought of their financial affairs being unattended to or compromised in the event of their incapacity may benefit from drafting and executing a Montana Durable (Statutory) Power of Attorney (POA). The reason being that this legal form helps to prevent unauthorized individuals or entities from managing the financial affairs of an individual (called the Principal). It does so by allowing the Principal to authorize an individual or entity they have selected to handle their financial affairs (called the Agent) from the time the form comes into effect. The Agent, due to the durability of the form, will be required to continuing acting on the Principal’s behalf even if they become incapacitated.
State Laws & Signing Requirements
State Laws – Uniform Power of Attorney Act
Signing Requirements (§ 72-31-305) – Montana state laws stipulate that, “A signature on a power of attorney is presumed to be genuine if the principal acknowledges the signature before a notary public or other individual authorized by law to take acknowledgments.”