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The West Virginia General (Financial) Power of Attorney is a legal document intended to denote personal controls issued to another person. The contract permits alternate individual powers to act and sign on behalf of the principal concerning designated areas of their financial holdings. The paperwork can be adjusted to the needs of the declarant to fit their needs as necessary. Organization of granted permissions allows for the following authorities to be gained by the attorney-in-fact as imposed:

Management of assets
Selling, Buying, and Leasing of Real Property
Selling, Buying, and Leasing of Personal Property
Selling, Buying, and Leasing of a motor Vehicle
Banking Powers
Gifting Powers
Lending
Borrowing

The contract provides authorization for the assigned agent for the signified categories as selected by the principal. This particular arrangement will be terminated upon the declarant’s death or incapacitation and considered a non-durable power of attorney. Signatures are to be obtained before a notary public to be verification purposes.

Laws

Statutes – Uniform Power of Attorney Act (W.V.C. § 39B-1-101 – § 39B-4-103)

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 (§ 39B-1-102(7)).

Signing Requirements – Acknowledgment is necessitated by way of a licensed notary to be considered legally binding (§ 39B-1-105)