Rhode Island General (Financial) Power of Attorney Form
The Rhode Island General (Financial) Power of Attorney is a document that spells out the manner in which an individual wants another party, their Agent, to act on their behalf to complete one or more financial transactions. So long as the Agent agrees to fulfill the responsibilities associated with the transactions and none of them contravene state law, the Principal has the prerogative to decide which financial transactions they require the Agent’s help with completing. As a general type of Power of Attorney, the Agent’s decision making powers will be cut off if the Principal becomes incapacitated.
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 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.