Maryland General (Financial) Power of Attorney
A general (financial) power of attorney form in Maryland is an official document that allows you to delegate specific financial authority to a trusted individual. This designated agent is responsible for acting in the best interests of the principal and handling important financial matters on their behalf, until such powers are either revoked by the principal or the principal becomes incapacitated and cannot revoke the agreement.
Signing Requirements
Laws
Durable - A power of attorney is durable unless otherwise provided by its terms<a class="source-url" href="#source-url1">[1]</a>
Incapacity - Means the inability of a person to manage their property or business affairs because he or she meets the grounds required for the appointment of a guardian of the property of a disabled person described in § 13-201; or is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]Signing Requirements - The document must be signed by the principal (or by another individual at the express direction of the principal), and the signature must be attested and signed by two or more adult witnesses while in the presence of the principal and each other. Signatures must be acknowledged before a notary public who may act as a witness.<a class="source-url" href="#source-url3">[3]</a>
Notice
The Significance of POA
