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All Types of POA Advance Directive Durable POA Medical POA General POA Limited POA Revocation of POA Motor Vehicle POA Springing POA Real Estate POA Minor POA State Tax Filing POA
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Power of Attorney
General POA
Louisiana General (Financial) Power of Attorney

Louisiana General (Financial) Power of Attorney

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A general (financial) power of attorney in Louisiana enables a person, referred to as the principal, to grant authority to an attorney-in-fact, known as the agent, so they can make decisions and act on the principal's behalf. This document ceases to be effective if the principal becomes incapacitated or is otherwise unable to handle their own affairs.

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Signing Requirements

No specific requirements, however, two witnesses or notary public are recommended.

Laws

Durable - A power of attorney is durable unless it states otherwise.<a class="source-url" href="#source-url1">[1]</a>

Incapacity - Louisiana law does not define "incapacity." However, the Uniform Power of Attorney Act defines it as the inability of a person to manage their property or business affairs because of an impairment, is missing, detained (incarcerated), or is outside the United States and is unable to return. Signing Requirements - Must be signed by the Principal and two witnesses. Their signatures must be notarized.<a class="source-url" href="#source-url2">[2]</a>

Sources

  1. § La. Civ. Code art. 3026
  2. § La. Civ. Code art. 1833
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Notice

The information and templates provided on this website are for general informational purposes only and are not a substitute for professional legal advice. While we strive to offer accurate and up-to-date forms, the legal landscape is complex and varies by jurisdiction. We strongly recommend that you consult with a qualified attorney for specific legal issues or questions. Using our templates does not create an attorney-client relationship, and we are not responsible for any actions taken based on the information provided here.

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The Significance of POA

Learn About the Importance of a POA
Learn About the Importance of a POA

The importance of a Power of Attorney (POA) cannot be overstated. It provides a crucial mechanism for individuals to ensure their wishes are respected, especially in times of incapacity or emergency.

By designating an agent, the principal can ensure that someone they trust will make decisions regarding their finances, healthcare, and legal matters. This can help prevent disputes among family members and ensure timely decision-making when needed. Additionally, having a POA in place can protect an individual’s interests, allowing for smooth management of affairs without the need for court intervention. Overall, a POA is a vital tool for planning and safeguarding one's future.