 | Vermont Durable Financial Power of Attorney Form |
The Vermont durable financial power of attorney form is a legal document that allows a Principal to authorize powers to an Agent who would oversee the finances, personal property, and real property, in the absence of the Principal. The powers shall commence on the date of execution of the document and the powers shall remain in effect in the event of incapacitation. No powers will be granted allowing the Agent to make health care decisions on behalf of the Principal.
The Principal should review this document, thoroughly, before the completion and application of signatures. If the Principal is uncertain of the language contained within this document, they may choose to select and speak with an attorney for legal advice. This document must be signed before a Notary Public and one witness. 14 V.S.A. § 3503. The document may be revoked at any time.
How to Write
Step 1 – Titled Sections – The Principal must review the following:
- Notice
- Incapacitation
- Revocation
- Witness and Notary
Step 2 – The Parties – Submit the following information:
- Name of the Principal
- Street Address
- City
- State
- AND
- Name the Agent
- Street Address
- City
- State
- State where the form will be utilized
- AND
- Name a Successor Agent (optional)
- Street Address
- City
- State
- Provide the state where the powers document shall be acted upon by the Successor
- The Principal must review the Terms and Conditions before proceeding
Step 3 – Additional Titles – The Principal must also review:
- Third Parties
- Compensation
- Disclosure
Step 4 – Signatures – Must enter before a Notary Public:
- Principal’s Printed Name
- Date the signature in dd/mm format
- Principal’s Signature
- AND
- The printed name of the Agent
- The Agent’s Signature
- Date the signature in mm/dd/yyyy format
- AND
- Provide the printed name of a Successor Agent (optional)
- Successor Agent’s signature
- Date Successor’s signature in mm/dd/yyyy format
Step 5 – Notary Acknowledgement –
When the notary has witnessed all signatures, they’ll acknowledge the document by entering all of the required notary public information required so that the document may be properly acknowledged
Step 6 – Acknowledgement and Acceptance of Appointment as Agent and Successor Agent – Enter the following:
- Agent must review the acceptance information:
- The name of each Agent respectively
- The Agent’s signatures
- Date the signatures in mm/dd/yyyy format
Step 7 – Witness Attestation – The witnesses must read and agree to the attestation – Enter:
- Printed names of the witnesses
- Witnesses signatures
