 | Tennessee General Financial Power of Attorney Form |
The Tennessee general financial power of attorney form is a document that a Principal shall present to a delegated Agent to serve on behalf of the Principal in the event the Principal must be away for an extended amount of time or, if the Principal shall be determined to have become ill or incompetent (whether temporarily or permanently) to attend to their own finances and property. This document will not grant permission for the Agent to make health care decisions on behalf of the Principal.
This document will allow the Agent to recuse themselves from these duties should they become unable or unwilling to act on behalf of the Principal. They may then appoint another person to serve in their stead if needed. The Agent may revoke their own appointment to this position. The document will become void if the Principal becomes mentally or physically incapacitated or disabled The document will allow the Principal to select the powers that they may choose to grant to their Agent to manage while they are unable to do so.
This document will be presented in both English and Spanish to ensure that translation is correct and that the Principal and Agent will understand the Terms and Conditions as well as the rest of the contents of the document. The document may be revoked at any time by the Principal in written notice to the Agent. The document must be signed before a licensed Notary.
How to Write
Step 1 – Location of Execution of Document –
- Submit the name of the County where the document is being executed
Step 2 – The Parties –
- Submit the name of the Principal
- Enter their County of residence
- AND
- Enter the delegated Agent
Step 3 – Powers Allowed by the Principal – The Principal must review the powers provided. The Principal would then select the powers they may wish to allow their Agent to act upon. The Principal must review the list of powers, initial the powers that they wish the Agent to access and place an “X” in the lines that the Principal chooses not to grant:
- (1) Real Property and Lease Transactions
- (2) Personal Property Transactions
- (3) Banking and Financial Transactions
- (4) Estate Transactions
- (5) Contractual Agreements
- (6) Insurance Transactions
- (7) Medical Matters Asuntos Médicos
- (8)Legal Matters Asuntos de Seguridad Social
- (9) Social Security Matters Asuntos de Seguridad Social
- (10) Tax Matters
- (11) Employment of Agents and Service Professionals
- (12) Personal Relationships and Affairs
Additional Powers –
- The Principal must carefully read and select the paragraphs and initial the statements that would best indicate the additional powers the Principal wishes to grant.
Step 4 – Notarization –
- After the document has been completed, the Principal will be required to provide their signature before the Notary Public.
- Enter the County of the execution of the document
- Submit the Principal’s Signature
- Date the signature in mm/dd/yyyy format
- Once the Notary has witnessed the Principal’s signature, they are required to complete the remaining portion of the document with their required information. The Notary shall then affix their official state seal in acknowledgement
