2,228 Downloads

The Indiana Durable (Financial) Power of Attorney is often accomplished by individuals who seek to provide someone else with the personal authority to carry out financial matters on their behalf. The unique factor associated with this document is its ability to remain in effect even after the issuing party becomes incapacitated. The executor of this instrument will have to record specific details regarding the arrangement, specify which powers will be delegated, and sign it corresponding with local laws.

Laws

Statute – § 30-5-10-3

Definition – “Power of attorney” means a writing or other record that grants authority to an attorney in fact or agent to act in place of a principal, whether the term “power of attorney” is used (§ 30-5-2-7).

Signing Requirements – Acknowledgment of Notary Public (§ 30-5-4-1(4))