 | Idaho General Financial Power of Attorney Form |
The Idaho general financial power of attorney form is a document that provides written permission for a Principal to grant a trusted Agent to make decisions on behalf of the Principal regarding general finances and property. The Principal must review, carefully, the entire document. If the Principal is not certain with regard to the language, they may wish to consider a consultation with an attorney who is versed in these specific documents. This document must be notarized once completed. The document may be revoked at any time by the Principal as long as they are mentally capable.
How to Write
Step 1 – Designation of Agent –
- Enter the full name of the Principal
- Enter the Name of Agent
- Provide the Agent’s Address
- Agent’s Phone Number
Step 2 – Designation of Successor Agent(s) (Optional) – There is an additional section for which the Principal may enter a second successor agent, if they feel it would be necessary:
- Name of Successor Agent
- Successor Agent’s Address
- Successor Agent’s Phone Number
- AND
- Name of Second Successor Agent
- Second Successor Agent’s Address
- Second Successor Agent’s Phone Number
Step 3 – Grant of General Authority – The Principal should initial all of the powers they would like to grant and entrust to any of the listed agents:
- Real Property
- Tangible Personal Property
- Stocks and Bonds
- Commodities and Options
- Banks and Other Financial Institutions
- Operation of an Entity or Business
- Insurance and Annuities
- Estates, Trusts, and Other Beneficial Interests
- Claims and Litigation
- Personal and Family Maintenance
- Benefits from Governmental Programs or Civil or Military Service
- Retirement Plans
- Taxes
- All Preceding Subjects
- Read –
Step 4 – Grant of Specific Authority (Optional) –
- The Principal will initial all of the power that they would not wish to grant to the Agent(s)
- Create, amend, revoke, or terminate an inter vivos trust
- Make a gift, subject to the limitations of the uniform power of attorney act, chapter 12, title 15, Idaho Code, and any special instructions in this power of attorney
- Make a gift without limitations except any special instructions in this power of attorney
- Create or change rights of survivorship
- Create or change a beneficiary designation
- Authorize another person to exercise the authority granted under this power of attorney
- Waive the principal’s right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement plan
Step 5 – Special Instructions –
- Should the Principal choose, they may enter any special instructions that have not been mentioned
Step 6 – Nomination of Conservator (Optional) – The Principal may wish to nominate a conservator, should it become necessary:
- Name of Nominee for conservator of my estate
- Nominee’s Address
- Nominee’s Phone Number
Step 7 – Reliance on this power of attorney –
- Date
- Principal’s Name Printed
- Principal’s Address
- Principal’s Phone Number
Step 8 – Signature and Acknowledgement
- Principal’s Signature
- Date
- Principal’s Name Printed
- Principal’s Address
- Principal’s Phone Number
Once the notary public has recorded identification and witness the signature, the document will be acknowledged when the notary enters all of their required information and affixes their seal (if any)
