Vermont Durable (Financial) Power of Attorney Form
The legal framework provided by a Vermont Durable (Financial) Power of Attorney form makes the process of electing an Agent to oversee an individual’s personal and/or business related financial affairs an accessible and streamlined process. The individual, known as the Principal, may execute this Power of Attorney whenever they require it, provided that they are:
a) In a capable state at the time of drafting and executing the form, and
b) Recognize the implications of enacting a durable type of Power of Attorney.
In regards to b), the Principal must understand that their future incapacity will not influence the Agent’s ability to exercise decision making powers over their affairs.
State Laws & Signing Requirements
State Laws – Powers of Attorney
Signing Requirements (14 V.S.A. § 3503) – The state of Vermont mandates that a Power of Attorney must be:
- Signed by the Principal,
- Signed in the presence of at least one (1) witness, and
- Acknowledged before a Notary Public.
It is optional for:
- The Principal to direct another individual to sign the document on their behalf in their presence.
- The Agent to sign the form.