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The Pennsylvania General (Financial) Power of Attorney is a legal device designed to temporarily pass designated privileges associated with the ownership of assets to another person. For those that require someone to take action in place of themselves in regard to financial matters, the provided form allows the distribution of rights to occur as selected by the principal owner. The fillable document presents sections to allocate permissions in several areas related to property (personal and/or real), legal proceedings, and taxes. The declarant can take advantage of the contract to issue one or multiple controls to the nominated agent to meet the needs of each transaction. Once completed as desired, all parties can sign with the assistance of a notary and two (2) witnesses to initiate the powers to legally be instated.

Laws

Statutes – Pennsylvania Statutes Title 20, Chapter 56 – Powers of Attorney

Definition – § 5601.4

Signing Requirements – An officially licensed notary and two (2) viable witnesses must acknowledge and attest to all received endorsements to lawfully bind the contract (§ 5601(b)).

Revocation – § 5605