An Iowa statutory durable power of attorney is a form individuals can use to grant financial powers to a designated agent. Through this legal document, the agent becomes authorized by the principal (the person granting power) to make financial decisions on their behalf. The unique feature of a durable POA is that it remains in effect even if the principal becomes incapacitated.
An Iowa statutory durable power of attorney is a form individuals can use to grant financial powers to a designated agent. Through this legal document, the agent becomes authorized by the principal (the person granting power) to make financial decisions on their behalf. The unique feature of a durable POA is that it remains in effect even if the principal becomes incapacitated.
After signing a power of attorney, the principal must acknowledge their signature in front of a notary public or another person legally authorized to take acknowledgments.[1]
“Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity.[2]
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