The Arizona Durable (Financial) Power of Attorney is one of the most commonly executed POA forms. The basic concept of this document is that a person who is either eighteen (18) years of age or older can grant another individual (family member, friend, employee, etc.) the ability to act as them under certain circumstances. The elements of one’s life that the attorney-in-fact will have access to are relatively broad with this type of agreement. To commence the relationship, the initial party must write in their agent’s name, select the powers they would like to convey, and date & sign the instrument accordingly. (A witness and notary public should observe the selections made as well as the execution of the signature to attest to the validity of the document.)
Laws
Statutes – Arizona Revised Statutes – Title 14, Chapter 5 – Powers of Attorney (§ 14.5501 – 14.5507)
Definitions – § 14.5501
Signing Requirements – To be signed by the principal and an attesting witness in the presence of a notary public (§ 14-5501(D)).
Revocation – § 14.5504
Versions
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O’Steen & Harrison Law Firm Version
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Additional Resources
- Cholewka Law – Financial Power of Attorney Guide
- Flagstaff Law Group – Everything You Need to Know About POA in AZ
- O’Steen & Harrison Law Firm – Power of Attorney FAQs
Related Forms
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General (Financial) Power of Attorney
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