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The South Carolina General (Financial) Power of Attorney transmits the accord for the owner of one or more financial holdings to permit the transferred authority to another for a designated period. The authorizing principal can appoint single or multiple rights to the recipient of bestowed rights to be recorded as stated within the document’s contents. The format of this power of attorney contract grants privileges to another to be in effect for a signified amount of time that will effectively terminate should the declarant become incapacitated. Additionally, the principal can fine-tune the powers allotted to the attorney-in-fact to allow agency for a broad or narrow selection of covered areas as desired by the issuing party.

Laws

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

Definition – “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term “power of attorney” is used (§ 62-8-102(7)).

Signing Requirements – South Carolina State Legislature § 62-8-105(2) obligates the form’s endorsement to be overseen and confirmed by a notary and two (2) witnesses to meet the state’s threshold for certification.