The Iowa Durable (Financial) Power of Attorney authorizes the substitution of another individual to perform various tasks in the name of the document’s executor. This is the most commonly carried out form when it comes to delegating financial matters to a third party. The phrase “durable” means that the arrangement recorded within the instrument continues to be effective even if the principal becomes incapacitated/disabled (not capable of making their own decisions). To put this into practice, the granting party will have to write in all the necessary details, initial each authority they wish to permit, and verify the conveyance by signing the instrument in a proper manner (while being observed by a notary public for acknowledgment purposes).
Laws
Statute – Durability of Power of Attorney (§ 633B.104)
Definition – “Durable”, with respect to a power of attorney, means not terminated by the principal’s incapacity (§ 633B.102(3)).
Statutory Form – § 633B.301
Signing Requirements – Acknowledgment of a Notary Public (§ 633B.105)
Other Versions
eForms VersionDownload: Adobe PDF, MS Word (.docx)
University of Iowa VersionDownload: Adobe PDF
Additional Resources
- Iowa Department of Aging – Financial Power of Attorney Information
- Iowa Department of Elder Affairs – Power of Attorney Handbook
- Iowa State University – Estate Planning Terms
- Iowa State University – Evaluating Your Estate Plan
- Iowa State University – Finding an Attorney Who Can Work For You
- Iowa State University – POA Vocab Matching Excercise
Related Forms
Agent’s Certification FormDownload: Adobe PDF, MS Word (.docx)
Laws: § 633B.302
Advance Directive (Medical POA & Living Will)
Download: Adobe PDF
General (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)