 | Alaska Durable Financial Power of Attorney Form |
The Alaska durable power of attorney form is a very broad and sweeping document that once the date is provided to make it effective will basically hand over all powers to your Attorney In Fact. The Principal must carefully select their agent and be certain that this person will be someone the Principal feels they can trust inasmuch as whatever powers that will be granted. This document must be notarized. The Principal may revoke this document in writing to the Agent(s) at their discretion.
How to Write
Step 1 – Directions –
- The Principal must take the time to read and review the directions to this document. It’s vital that the Principal understand this document prior to completion and notarization.
- If for any reason, the Principal is unclear about any portion of the document, stop immediately and consult with a knowledgeable attorney.
Step 2 – Parties –
- Enter the name of the Principal
- Principal’s Address
- AND
- The name and address of the Agent(s)
- Carefully review the paragraphs above and below this section
Step 3 – Powers –
- The Principal must initial the powers that they would like to grant to their Agent(s) – If the Principal would choose to not grant any of the powers state, draw a line through the powers you would like disregarded and initial the line beside the stricken statement
- If the Principal would like to address any further instructions, they may write them into the lines provided. If more space is needed, continue on an added sheet and attach to this document
Step 3 – Durable Options –
- Read all of the options inside the box
- Select the preferred option and initial the line
- If the Principal would like to name the effective date, enter a date and the number of years if any
- Carefully read the Revocation section
Step 4 – Additional Provisions –
- If the Principal has granted health care powers complete the section by initialing the line preceding the correct statement
Step 5 – Alternate Agent –
- If the Principal wishes, they may name two added agents
- Enter the names and addresses of the alternate agents in the event your original agent become unable or unwilling to serve as the agent
Step 6 – Notice to Third Parties –
- The Agents must along with any other responsible parties read and agree to the notice
Step 7 – Notary Acknowledgement –
Once the document has been completed by the Principal, the Notary shall record the Principal’s identification and witness their signature. The notary will then acknowledge the document by completing the notary required information.
