Rhode Island General (Financial) Power of Attorney
A general (financial) power of attorney form in Rhode Island is a legal document that empowers an individual to designate another person to oversee their assets, property, and financial affairs. It's important to note that the authority granted through this document ceases upon the individual's death or if they become incapacitated.
Signing Requirements
Laws
Durable - A power of attorney is durable when the writing contains the words "This power of attorney shall not be affected by the incompetency of the donor", or "This power of attorney shall become effective upon the incompetency of the donor", or similar words showing the donor's intent that the power of attorney is durable.<a class="source-url" href="#source-url1">[1]</a>
Incapacity - means lacking the ability to manage property and business affairs effectively by reason of mental illness, mental deficiency, physical illness or disability, chronic use of drugs, chronic intoxication, confinement, detention by a foreign power, disappearance, minority, or other disabling cause.<a class="source-url" href="#source-url2">[2]</a>
Signing Requirements - The donor's signature must be notarized.<a class="source-url" href="#source-url3">[3]</a>
Sources
Notice
The Significance of POA
