Source: https://powerofattorneyforms.com/de/delaware-durable-financial-power-of-attorney-form/
Timestamp: 2019-10-19 00:03:00
Document Index: 175304855

Matched Legal Cases: ['§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49', '§ 49']

Delaware Durable Financial Power of Attorney Form - Power of Attorney : Power of Attorney
Power of Attorney > Free Delaware Power of Attorney Forms in Fillable PDF | 9 Types > Delaware Durable Financial Power of Attorney Form
Delaware Durable Financial Power of Attorney Form
The Delaware Durable Financial Power of Attorney Form will allow a Principal to designate an Attorney In Fact/Agent broad powers to handle your property. Such powers may include powers to sell, dispose of, or encumber any real estate or personal property without advance notice to you or approval by you. This document does not authorize your Agent to make any health-care decisions for you. Unless you otherwise specify, your Agent’s authority will be allowed to continue even if/when the Principal becomes incapacitated, incompetent, disabled or until the Principal passes away or revokes the power of their agent, or until the selected Agent resigns or is unable or unwilling to act for you. (See CHAPTER 49A – § 49A-301 Statutory)
1 – Download And Review The Form
The Principal should download the form, using the button at the top of this page, then begin by carefully reviewing the page titled “Notice to Principal.” This will require verification:
Once this page has been read the Principal must sign his or her name on the space labeled “Principal”
In the space labeled “Date,” the Principal must document the date he or she has signed this page
2 – Designation of Agent and Successor Agent(s)
The Principal should read the introduction to this section. When the Principal is ready, he or she may begin by providing the following:
The Principal shall enter his or her name onto the first blank line (labeled “Name of Principal”)
In the “Agent” section, enter the following information for your initial designee:
Agent’s Physical Address
The Principal may name up to two additional successor agent(s). If so, then under the heading “Designation of Additional or Successor Agents,” provide the following for each agent in his or her respective areas:
Name of Successor Agent
Successor Agent’s Physical Address
Successor Agent’s Telephone Number
3 – Define Agent Interaction
If you have named more than one potential agent, then select one of the statements following the words “I intend for those Agents to:”
Act successively, one after the other
Act concurrently, independent of each other
Act jointly, such that neither may act alone
4 – Circumstances Of Effect
This section will ask the Principal to a statement that best describes the circumstances in which the Agent retains Principal Authority:
If the Agent’s Principal Authority commences immediately and shall not be affected if the Principal is incapacitated, the Principal must sign the space preceding the wording “…power of authority is effective immediately…”
If the Agent’s Principal Authority is only in effect when the Principal is incapacitated (as defined under 12 Del. C. § 49A- 109(c), the Principal must sign the space preceding the phrasing “…power of attorney is effective only…”
5 – Granting General Authority
Read the paragraphs beneath the heading “Grant of General Authority” carefully. Once you’ve read the information, initial the powers you choose to grant to your agent. If any of the selections are left blank, your agent will have no right to exercise any of those powers – Select from the following, on the form:
Real Property § 49A-204
Tangible Personal Property § 49A-205
Stocks and Bonds § 49A-206
Commodities and Options § 49A-207
Banks and Other Financial Institutions § 49A-208
Operation of Entity or Business § 49A-209
Insurance and Annuities § 49A-210
Estates, Trusts, and Other Beneficial Interests § 49A-211
Claims and Litigation § 49A-212
Personal and Family Maintenance § 49A-213
Benefits from Governmental Programs or Civil or Military Service § 49A-214
Retirement Plans § 49A-215
Taxes § 49A-216
Gifts § 49A-217
6 – Grant of Specific Authority
The Principal should read the “Grant of Specific Authority” section. Below the information provided will be a list of actions the Agent will be able to take with Principal Authority. The Principal should initial the blank line before each statement that defines a power or action the Principal will allow the Agent:
Create, amend, revoke, or terminate an intervivos trust
Make a gift in excess of the limitations provided in the Durable Personal Power of Attorney Act, 12 Del. C. § 49A-217
Delegate authority granted under the power of attorney when all successor Agents have resigned, died, become incapacitated, are no longer qualified to serve, or have declined to serve
Reject, renounce, disclaim, release, or consent to a reduction in or modification of a share in or payment from estate, trust, or other beneficial interest
7 – Revocation of Prior Power
In cases where the Principal has already granted a power on this document to another Agent, there will need to be a definition as to which document holds authority. Initial the blank line preceding the statement that applies:
All my previously executed powers of attorney are hereby revoked
My previously executed powers of attorney hereby remain in effect
Other. Explain. (Use the lines on the form for your explanation- add a sheet if needed)
8 – Signature Party Requirements
Prior to providing signatures, you must acquire the services of a notary. Once notary is present, the principal must provide the following:
Printed name of signature
9 – Notarization
The notary, after witnessing the signature of the principal, shall complete the remainder of the form by providing required information and affixing their state seal
The notary will then hand the document back to the principal
Copies should be made available to all agents and businesses of which the principal holds interest
10 – Agent Certification
Locate the statement under the heading “Agent’s Certification” at the end of the “Statement to Agent” at the end of this form. The Agent must:
Print his or her name on the blank line in the “Agent’s Certification” statement.
Sign his or her name verifying acknowledgment of the “Statement to Agent”
Enter the Date he or she signed this statement
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