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.
State Of Arizona Durable Power Of Attorney With Power Of Attorney
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How to fill out Arizona Durable Power Of Attorney?
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FAQ
A General Durable Power of Attorney authorizes your agent to make critical decisions covering many areas. This can include: Buying and selling your property. Managing your finances, including your bank accounts, investments, and bills.
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)).
Steps for Making a Financial Power of Attorney in Arizona Create the POA Using Software or an Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Recorder's Office.
Does a Power of Attorney have to be recorded? It does not have to be recorded immediately after you sign it. If your Agent has to handle a real estate transaction for you, the Power of Attorney will need to be recorded at the time of the transaction.
The requirements to get power of attorney in Arizona, include: Be 18 years old. Be of sound mind. Make your POA in writing. POA must be signed in front of a notary public and a witness. Record the POA at public record.