Massachusetts General (Financial) Power of Attorney
A general power of attorney in Massachusetts enables an individual, referred to as the "principal," to designate another person, known as the "agent," to oversee their financial matters. This arrangement is often utilized by principals who have confidence in their agents to make decisions for them, particularly when they are unavailable or prefer not to engage in the daily operations of their financial responsibilities.
Signing Requirements
Laws
Durable - A power of attorney document is durable unless it explicitly states a time of termination.<a class="source-url" href="#source-url1">[1]</a>
Incapacity - Means an individual who, for reasons other than advanced age or minority, has a clinically diagnosed condition that results in an inability to receive and evaluate information or make or communicate decisions to such an extent that the individual lacks the ability to meet essential requirements for physical health, safety, or self-care, even with appropriate technological assistance.<a class="source-url" href="#source-url2">[2]</a>
Sources
Notice
The Significance of POA
