Rhode Island Durable (Financial) Power of Attorney Form
When an individual (the Principal) who is a resident of Rhode Island chooses to create a Power of Attorney, they can select from a General Power of Attorney, or a Durable one, namely the Rhode Island Durable (Financial) Power of Attorney. The difference lies in the question of when the Power of Attorney—if ever—will terminate. A general type type will terminate upon the Principal’s incapacitation, whereas a durable type will not. The Principal can choose to enact either one, but should keep in mind the fundamental difference between the two types.
State Laws & Signing Requirements
State Laws – Rhode Island Short Form Power of Attorney Act
Signing Requirements (§ 18-16-2) – State law dictates that for a Durable Power of Attorney to be lawful, the Principal must sign and acknowledge it. In line with general recommendations given to the Principal of a Power of Attorney, it is highly advised that the Principal signs the Power of Attorney before a Notary Public and two (2) witnesses.