This form is a Uniform Statutory Form of Power of Attorney for California for property, finances and other powers you specify. It also provides that it can be durable.
Uniform Statutory Form Power Of Attorney Act
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How to fill out California Uniform Statutory Power Of Attorney - Property - Finances - Section 4401?
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FAQ
The difference has to do with whether the powers remain effective after the onset of a disability. That is, the regular power of attorney ceases to be effective if you become disabled, whereas the ?durable? power of attorney continues to be effective despite your subsequent disability.
The Uniform Statutory Form Power of Attorney for Financial Matters must be signed by the principal, dated and acknowledged by a notary public (Probate Code § 4402(c)).
THE POWERS YOU GIVE YOUR AGENT IN THIS DURABLE POWER OF ATTORNEY WILL CONTINUE TO EXIST EVEN IF YOU CAN NO LONGER MAKE YOUR OWN DECISIONS RESPECTING THE MANAGEMENT OF YOUR PROPERTY.
Uniform Statutory Form Power of Attorney Act¹ provides a. short statutory form that gives the agent (attorney in fact) authority to act with respect to one or more of 13 categories of. transactions or matters, such as "real property transactions" or. "banking and other financial institution transactions."
Durable Power of Attorney This is the most common type of POA?it gives your agent the power to make decisions relative to some issues if you are incapacitated. It also empowers your agent to act on your behalf in legal matters and other vital matters during a time when you can't be present.