A Rhode Island general power of attorney is a document that allows an individual (the “principal”) to assign an agent (the “attorney-in-fact”) powers of attorney to act on their behalf. The acts that the attorney-in-fact may be authorized to perform include making and collecting payments, selling and managing property, accessing and managing financial accounts, and the ability to make decisions regarding the principal’s business and health care. Once the power of attorney is effective, the principal may terminate it at any time by executing a written revocation. State law requires the principal’s signature to be notarized.
Durable Power of Attorney – Designates an attorney-in-fact whose powers remain effective in the event of the principal’s disability or incapacitation. “Durable” also applies to arrangements whereby the power of attorney activates only when the principal is incapacitated.