This form is a durable power of attorney. The form provides that the agent of the principal is only authorized to use the principal's funds for the best interest of the principal. If the agent fails to comply with principal's instructions, the agent then may be liable for criminal charges or civil liability.
Arizona Durable Power Of Attorney For Finances
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FAQ
An Arizona general power of attorney (GPOA) is a document that outlines a principal's interest in having someone else represent his or her financial activity. Unlike the durable version, a GPOA is no longer able to be used if the principal should become incapacitated.
Does a power of attorney need to be notarized in Arizona by a Notary Public? By Arizona law a Durable power of attorney needs to signed in front of one witness and a notary public. Although the law in Arizona only require one at Citadel law Firm we usually use two.
How to Get or Obtain Power of Attorney in AZ Obtain the POA Packet. Take witness, original special power of attorney form and Photo ID to a Notary Public. You and the witness sign the Power of Attorney in front of a Notary. Make copies of the Power of Attorney for documentation.
An Arizona durable power of attorney must be signed with the principal and one (1) witness in the presence of a notary public. The witness cannot be the agent, the agent's spouse, the agent's children, or the notary public (ARS § 14-5501(D)(3)).
General Power of Attorney in Phoenix A general durable power of attorney gives the Agent complete authority to act in a broad range of matters, such as managing banking and investments, operating a business, or handling taxes.