Does a durable power of attorney need witnesses and who signs it?

Full question:

Does a durable POA notarized require witnessness? If I have to use POA in future for my husband, do I sign my name or his name

Answer:

The principal, or the person granting the power of attorney, must sign the document. While the form may allow the agent to sign to accept the appointment, this is not mandatory. A durable power of attorney should be notarized, but it does not require witnesses. Therefore, your husband, as the principal, should sign the document. You only need to sign if there is a specific clause for the agent's acceptance or notice.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, a power of attorney (POA) can authorize the agent to withdraw money from the principal's bank account. The agent can manage financial transactions, including withdrawals, as specified in the POA document. However, this authority is limited to what the principal has granted in the POA. It's essential to ensure that the POA is properly executed and includes clear language about financial management.