The Maine Durable (Financial) Power of Attorney is one of the most commonly carried out POA forms by those who wish to delegate personal powers to a third (3rd) party. These individuals generally consist of older folks who have decided that they would like to plan for the future and secure their estate by assigning an attorney-in-fact to handle their affairs should they someday become incapacitated. In fact, the term “durable” actually refers to the document’s ability to remain functional past the point of its executor’s incapacity. It should be noted that this instrument is exclusively dedicated to the conveyance of powers related to the primary party’s financial background and does not authorize medical decisions. To initiate the transfer of authority, the principal must provide the essential details, select the powers that they wish to grant, and sign the document in the presence of a notary public.
Laws
Statute – § 5-904
Definition – “Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity (§ 5-902(2)).
Signing Requirements – Acknowledgment of Notary Public (§ 5-905(1))
Other Versions (3)
Maine Durable (Financial) Power of Attorney – Version 1
Download: Adobe PDF
Download: Adobe PDF, MS Word (.docx)
Download: Adobe PDF, MS Word (.docx)
Related Forms
Advance Directive (Medical POA & Living Will)
Download: Adobe PDF
Agent’s Certification as to the Validity of Power of Attorney & Agent’s Authority
Download: Adobe PDF, MS Word (.docx)
Laws: § 5-951
General (Financial) Power of Attorney
Download: Adobe PDF, MS Word (.docx)