Tennessee General (Financial) Power of Attorney Form
The Tennessee General (Financial) Power of Attorney is a legal document that grants decision making powers to an “Agent” nominated by a “Principal” so that they can represent the Principal’s interests when carrying out specified affairs on their behalf. Notably, it will end upon the Principal’s incapacity. To help an individual determine if the form is ideal for their situation, they should ask themselves the following questions:
- Is it preferable for the Agent’s powers to terminate upon my incapacity? or
- Is it preferable for the Agent’s powers to continue in such circumstances?
If they answered “yes” to Question #1, this form should be used. If they answered “yes” to Question #2, they should enact a Durable Power of Attorney instead.
State Laws & Signing Requirements
State Laws – Uniform Durable Power of Attorney Act
Signing Requirements – The law is silent on the matter of signing requirements for a General Power of Attorney. It is thus recommended that the Principal signs the form before:
- Two (2) disinterested witnesses, and/or
- A Notary Public.