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The Georgia General (Financial) Power of Attorney is the “non-durable” version of the state’s statutory form, which basically means that it will no longer be legitimate if the principal ever loses their mental faculties. Other than this distinct characteristic, the document allows users to carry out all the same functions as its durable counterpart. Appointing parties can assign authorities to an agent that grants them access to act in their place for transactions connected to the principal’s property, capital, taxes, insurance, etc. To commence the principal-agent relationship, the grantor should provide the name of their attorney-in-fact, express what rights they will possess, and garner the required acknowledgments by signing the instrument in front of a witness and notary public.

Laws

Statute – Georgia Power of Attorney Act (O.C.G.A. § 10-6B-1 -10-6B-23)

Definition – “Power of attorney” means a writing or other record that grants authority to a person to act in the place of an individual, whether or not such term is used (§ 10-6B-2(7)).

Signing Requirements – Must be signed in the presence of at least one (1) witness and an officer who is authorized to attest registrable instruments, e.g., a notary public or another type of official mentioned in § 44-2-15 of the Georgia Code (§ 10-6B-5).