A Hawaii durable power of attorney is a legal document used by someone who wants to transfer over certain financial powers to a trustworthy representative. This representative, referred to as an “agent” or “attorney-in-fact,” will have control over the principal’s finances during their lifetime and in the event they become incapacitated. The principal may choose to give their agent control of all their affairs or specific financial aspects of their estate and business. It’s important that an agent is chosen based on their reliability, preferably a close friend or relative that the principal can trust to keep their best interests in mind while acting on their behalf.
Agent’s Duties – § 551E-10
Signing Requirements (§ 551E-3(b)) – Notary Public
Statutory Form – § 551E-51
Statute – § 551E-1
“Durable” means not terminated by the principal’s incapacity, with respect to a power of attorney.