South Carolina General (Financial) Power of Attorney Form
The South Carolina General (Financial) Power of Attorney is a document that is made up of legally-binding provisions that are a reflection the choices of the individual who has enacted it. This individual, known as the Principal, brings about this document for the purpose of recording how they want another party, their Agent, to represent them when carrying out one or more financial matters in their place. One feature of this particular type of Power of Attorney that must be acknowledged by both parties is the fact that if the Principal becomes incapacitated at some point after the document has been executed, it will be immediately retracted.
State Laws & Signing Requirements
State Laws – South Carolina Uniform Power of Attorney Act
Signing Requirements (§ 62-8-105) – South Carolina state law demands that a Principal signs the Power of Attorney they are party to and that it is attested “with the same formality and with the same requirements as to witnesses as a will in South Carolina.” These requirements state that the document must also be signed by at least two (2) witnesses.