Iowa Durable Financial Power of Attorney Form

The Iowa durable financial power of attorney form is a legal document whereas a Principal would have the ability to appoint an Agent to act on their behalf with matters pertaining to the management of their finances, personal and real property. The Principal may choose to first consult with an attorney to be certain that they understand the document and the information it’s providing. This form will not provide powers to make health care decisions on behalf of the Principal.

The document will become immediately effective unless otherwise specifically stated in “Special Instructions.” The document must be signed and acknowledged by a notary. The Principal may revoke the powers contained within  this document at their personal discretion.

How to Write

Step 1 – Designation of Agent –  Provide the following:

  • Principal’s name
  • Name of Agent
  • Agent’s address
  • Agent’s telephone number

Step 2 – Successor Agent – In the event the initial agent is unable to continue service:

  • Name of Successor Agent
  • Successor’s address
  • Successor’s telephone number
  • AND
  • Name a second Successor Agent
  • Address
  • Telephone number

Step 3 – Grant of Authority –

  • Principal must provide their initials preceding each power that the Principal would like to grant

Step 4 – Grant of Specific Authority (Optional) -Selection of any of the specific powers will allow the Agent to do as they wish with your estate, with or without the permission of the Principal. Should the Principal choose to move forward:

  • Principal must review the options
  • Initial any powers that the Principal would be interested in allowing power over

Step 5 – Limitations on Agent’s Authority – Review the statement and enter:

  • Enter any limited or expanded instructions in the lines provided

Step 6 – Effective Date –

  • If the Principal chooses not to allow immediate commencement of the effective date of the document, enter the preferred date in “Special Instructions”

Step 7 –  Optional Nomination of Conservator and Guardian -Should a court decide that it’s necessary to appoint a  Conservator and Guardian enter the Principal’s nominations:

  • Nominee for Conservator of the estate
  • Address
  • Telephone number
  • AND
  • Nominee of  Guardian over the Principal’s person
  • Address
  • Telephone number
  • Review the Reliance of Powers

Step 8 – Signature and Acknowledgement – Provide:

  • Principal’s Signature
  • Date the signature in mm/dd/yyyy format
  • Printed name
  • Address
  • Telephone number
  • AND
  • Notary acknowledgement and official seal (if any)

Step 9 – Agent’s Duties – The Agent must review this section and enter:

  • Principal’s Printed Name
  • Agent’s Signature
  • AND
  • Read the following titled sections:
  • Termination of Agent’s Authority
  • Liability of agent