South Carolina Durable (Financial) Power of Attorney Form

The South Carolina Durable (Financial) Power of Attorney is a legal document delivered to issue third-party authority for indicated financial affairs as a proactive effort to secure control of a principal’s assets. A durability clause also ensures that the permissions bestowed will remain in existence even after the declarant’s possible physical or mental incapacity.

Last updated September 21st, 2024

Laws

Statute – South Carolina Uniform Power of Attorney Act (§ 62-8)

Definition – “Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity (§ 62-8-102(2)).

Signing Requirements – State regulation for a legal power of attorney contract stipulates that a notary and two (2) witnesses be available to view and verify the execution of the document (§ 62-8-105(2)).