Pennsylvania General (Financial) Power of Attorney Form
The Pennsylvania General (Financial) Power of Attorney is a contract that once executed will grant a party known as the Agent the legal powers to make decisions on behalf of a party known as the Principal. The Agent will not be able to act on the Principal’s behalf in an unrestricted way as their actions must reflect the terms found in the contract. In line with the contract’s terms regarding its “general” status, the Agent must cease use of any decision making powers if the Principal falls ill to the extent that they are deemed by health professionals to be incapacitated.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (§ 5601(b)) – State law stipulates that for a Power of Attorney to be effective, the following signing requirements must be met:
- The Principal must sign it either by signature or mark (should they be incapable of signing it themselves, they are permitted to direct another individual to sign it on their behalf).
- A Notary Public must acknowledge the Principal’s signature,
- Two (2) individuals must witness the Principal’s signature, and
- Include the notice outlined § 5601(c) at the beginning of the form, of which the must Principal sign.