An Oklahoma statutory durable power of attorney authorizes an agent to make financial decisions for another party (legally identified as the “principal”). The powers granted to the agent can be placed into effect immediately, at a future date, or upon the incapacity of the principal. Due to the durable nature of this power of attorney, the agent’s authority will remain valid even if the principal loses the capacity to make competent decisions or they become physically disabled.
Agent’s Duties – Not mentioned in state statutes.
Signing Requirements (§ 1072.2) – Two (2) Witnesses and Notary Public
Statutory Form – § 1072.2(A)(3)
Statute – § 1072
A durable power of attorney is a power of attorney by which a principal designates another his attorney-in-fact in writing…showing the intent of the principal that the authority conferred shall be exercisable notwithstanding the principal’s subsequent disability, incapacity, or extended absence…