Vermont General (Financial) Power of Attorney Form
The Vermont General (Financial) Power of Attorney(POA) is a legal instrument designed to protect the interests of both the person who brings it about (the Principal) and the party they name as their representative to handle their financial affairs (their Agent). This document does so by ensuring that all terms featured within its pages are reflective of relevant state POA laws. A noteworthy term that both parties must agree to in order for the document to be executed is that regarding the Principal’s incapacity. This term (which is a feature of all General POA forms) states that the Agent must cease to use any decision making powers they have been granted if such a situation arises.
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.