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The Wyoming Durable (Financial) Power of Attorney sanctions an assigned agent’s permission to act on behalf of an individual regarding financial transactions. The durable form indicates that the legal agreement serves to remain intact beyond the principal’s incapacitation, should it arise. The contract establishes the point in which the power granted goes into effect, the stipulated responsible agent, issued authorities, and any limitation on control. The Document allows for dispensation of particular facets of financial powers to be attained, allowing for the designation to cover property, taxes, investments, or other alternate scopes on an integrated or individual basis. Once the terms of the power of attorney are covered to the principal’s satisfaction, endorsement of the paperwork can be acknowledged in the presence of a notary professional to validate acceptance of the event.

Laws

Statute – Uniform Power of Attorney Act – Wyoming Statutes § 3-9-101 – 3-9-403

Definition – “Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity (§ 3-9-102(ii)).

Signing Requirements – According to the Uniform Power of Attorney Act, “A power of attorney shall be signed by the principal or in the principal’s conscious presence by another person who the principal directs to sign the principal’s name on the power of attorney. A signature on a power of attorney is presumed to be genuine if the principal acknowledges the signature before a notary public or other person authorized by law to take acknowledgments” (§ 3-9-105).