 | Idaho Durable Financial Power of Attorney Form |
The Idaho durable financial power of attorney form is a document that provides authorization for an Agent to make decision with regard to all aspects of the Principal’s finances and property whether or not the Principal is able to act for themselves. It’s vital that the Principal trusts the person(s) who will be attending to their affairs.
This form will provide for an Agent and Co-Agent. If the Principal would like to assign more than one Agent they may do so. This document must be signed by all parties, before a Notary. The document may be revoked at any time.
How to Write
Step 1 – Introduction –
- The Principal must carefully read the introduction to this document. If the Principal is unsure about what is being stated, they may wish to consider speaking with a knowledgeable attorney.
Step 2 – Designation of Agent – If the Principal understands the introduction and would like to proceed, provide the following:
- The name of the Principal
- Name of Agent
- Agent’s Telephone Number
Step 2 – Grant of General Authority –
- The Principal must initial all of the powers they would like to grant to their Agent(s) as follows:
- Real Property
- Tangible Personal Property
- Stocks and Bonds
- Commodities and Options
- Banks and Other Financial Institutions
- Operation of an Entity or Business
- Insurance and Annuities
- Estates, Trusts, and Other Beneficial Interests
- Claims and Litigation
- Personal and Family Maintenance
- Benefits from Governmental Programs or Civil or Military Service
- Retirement Plans
- Taxes
- All Preceding Subjects (If the Principal should wish to grant all of the powers listed, simply initial only this selection)
Step 3 – Grant of Specific Authority – If the Principal wishes, they may make selection of powers that may not be granted from the following list (initial all of the powers to be excluded)
- Create, amend, revoke, or terminate an inter vivos trust
- Make a gift subject to the limitations of the uniform power of attorney act, chapter 12, title 15, Idaho Code, and any special instructions in this power of attorney
- Make a gift without limitations except any special instructions in this power of attorney
- Create or change rights of survivorship
- Create or change a beneficiary designation
- Authorize another person to exercise the authority granted under this power of attorney
- Waive the principal’s right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement place
- Read “Liability on Agent’s Authority”
Step 4 – Special Instructions (Optional) –
- Should the Principal decide they would wish to provide special instructions, enter the instructions into the lines below
- Read:
- Effective Date
Step 5 – Nomination of Conservator (Optional) –
- Name of Nominee for Conservator
- Nominee’s Address
- Nominee’s Phone Number
Step 6 – Read – “Reliance on This power of attorney”
- Date
- Principal’s Name Printed
- Principal’s Address
- Principal’s Phone Number
Step 7 – Signatures and Acknowledgement – Enter the following before a notary:
- Principal’s Signature
- Date of Signature
- Principal’s Name Printed
- Principal’s Address
- Principal’s Phone Number
As the signature is witnessed by the notary, the notary must then complete all of the required information in acknowledgement of the document
