An Alabama durable power of attorney allows a person to delegate another individual (“agent”) to handle certain financial matters on their behalf. The financial responsibilities include, but are not limited to, banking, real estate, tax matters, and any other power listed in the document. The principal and agent are required to sign in the presence of a notary public and immediately afterward the form may be used (unless a future date is stated). The term “durable” refers to the form remaining valid even if the principal becomes incapacitated.
Agent’s Duties – § 26-1A-114
Signing Requirements (§ 26-1A-105) – Notary Public
Statutory Form – § 26-1A-301
Statute – § 26-1A-102
“Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity.