Alabama General Financial Power of Attorney Form

The Alabama general financial power of attorney form is a document that allows an individual (the principal) to designate another individual (the agent or attorney-in-fact) to carry out certain actions on the principal’s behalf.  A power of attorney can be general, covering a broad range of financial and administrative matters, authorizing the agent to handle one specific transaction, such as paying their monthly bills or all of their financial matters including stocks, bonds or any other financials. (See Section 26-1A-107) This document could be revoked at any time in writing and delivered to the agent.

How To Write

Step 1 – Begin by downloading the form and entering the following information:

  • In the first blank line enter the name of the Principal/Declarant
  • Enter the principal’s physical address
  • Enter the name of the Attorney in Fact/Agent

Step 2 – This section will address the Successor/Alternate Attorney in Fact/Agent. This would be the person who would take over in the event that the initial Attorney in Fact/Agent is unable or unwilling to serve

  • In the first line, second paragraph, enter the name of the alternate Agent
  • Enter the physical address of the alternate

Step 3 – Read the two paragraphs carefully.

  • The principal shall initial all of the duties they would allow the Attorney(s) in Fact to perform from the following list:
  • Real Property as defined in Section 26-1A-204
  • Tangible Personal Property as defined in Section 26-1A-205
  • Stocks and Bonds as defined in Section 26-1A-206
  • Commodities and Options as defined in Section 26-1A-207
  • Banks and Other Financial Institutions as defined in Section 26-1A-208
  • Operation of Entity or Business as defined in Section 26-1A-209
  • Insurance and Annuities as defined in Section 26-1A-210
  • Estates, Trusts, and Other Beneficial Interests as defined in Section 26-1A-211
  • Claims and Litigation as defined in Section 26-1A-212
  • Personal and Family Maintenance as defined in Section 26-1A-213
  • Benefits from Governmental Programs or Civil or Military Service as defined in Section 26-1A- 214
  • Retirement Plans as defined in Section 26-1A-215
  • Taxes as defined in Section 26-1A-216
  • Gifts as defined in Section 26-1A-217

Step 4 – You will need to retain the services of a notary public, for the document to be considered enforceable with any institution by the agent. You will also require 2 adult witnesses. Once everyone is together before a notary:

  • Provide the signature of the Principal/Declarant
  • Enter the date in which the Principal/Declarant has signed the document
  • Witnesses signatures and physical addresses
  • The remainder of the document will be completed by the notary and they will affix their notary seal
  • The notary will hand the notarized document back to the principal
  • Make copies for all who have signed the document for their records
  • Make copies to provide to all financial entities who will work with your Attorney in Fact/Agent