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The Indiana General (Financial) Power of Attorney indicates a person’s delegation of authority to a third-party representative. There are several different types of POAs that cater to an array of different scenarios. This specific type of POA grants the attorney-in-fact the ability to perform duties that are relevant to the principal party’s finances, assets, and debts (amongst other various financial affairs). In addition, this document will expire if the grantor ever enters a state of incapacity.

Laws

Statutes – Title 30, Article 5: Powers of Attorney (§ 30-5)

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))