An Arizona durable power of attorney lets a person (“principal”) select an agent to handle financial transactions and requests on their behalf. The form has the option of allowing the agent to continue their role even if the principal should become incapacitated. Therefore, it is recommended that the agent selected be family, a close friend, or one of the main beneficiaries in the principal’s last will and testament. After the form has been signed in the presence of a witness and a notary public it may be used immediately.
Signing Requirements (§ 14-5501) – One (1) Witness (cannot be the agent, agent’s spouse, agent’s children or the Notary Public) and a Notary Public.
Statute – § 14-5501(A)
A durable power of attorney is a written instrument by which a principal designates another person as the principal’s agent.