 | Kentucky General Financial Power of Attorney Form |
The Kentucky general financial power of attorney form is a legal and binding document that allows a Principal to select an Agent in which to grant unlimited powers to be overseen by the Agent, in the absence of the Principal. The powers transferred will not remain in effect in the even the Principal should become incapacitated or disability. The Agent will not be granted any powers to make medical decisions on behalf of the Principal. The Principal shall continue to have all of the rights to maintain their own financial affairs, regardless of their health or whether or not they have assigned an Agent.
The Agent is granted powers, to assist the Principal in handling their financial decisions according, only, to the wishes as stated by the Principal. The Principal may enter restrictions and limitations with regard to the powers, and with any of the financial decision making.
This document does require notarization. The form may also be revoked should the Principal so desire, by placing notice in writing and delivering the notice to the selected Agent(s)
How to Write
Step 1 – Download the document and begin by careful review of the Titled Sections – The Principal must review the following titled sections:
- Notice
- Incapacitation
- Revocation
- Witness and Notary
Step 2 – The Parties – Enter:
- The Principal’s name
- Street Address
- City
- State
- AND
- The name of the Attorney In Fact/Agent
- Street Address
- City
- State
- Provide the name of the state in which the document will be exercised
- AND
- Provide the name of a Successor Attorney In Fact/Agent to assist in case the initial Agent should become unwilling or unable to properly serve the Principal
- Street Address
- City
- State
- The state where the document will be used
Step 3 – More Titled Sections – The Principal must thoroughly review the following:
- Terms and Conditions
- Third Parties
- Compensation
- Disclosure
Step 4 – Signatures – All signatories must be present before a Notary Public so that the Notary may witness and acknowledge the document:
- The Principal will begin by entering their printed name
- Enter the date that the document is being completed in dd/mm/yyyy format
- Read the remainding portion of the paragraph
- If in agreement, the Principal must then, enter their signature
- AND
- The Agent must first read the paragraph and provide their printed name
- If the Agent agrees with the “Attorney In Fact” section, the Agent must provide their signature
- Enter the date of the signature in mm/dd/yyyy format
- AND
- The Successor Agent (if any) must carefully read the “Successor Attorney In Fact” paragraph
- If the Successor Agent agrees, they must enter their Signature
- Provide the date in which the signature is being entered
Step 5 – Notary Acknowledgement –
The Notary Public shall witness all signatures of all signatories. As all signatures are witnessed by the Notary Public, they are required to provide all notary information in acknowledgement of the document
Step 6 – Acknowledgement and Acceptance of Appointment as Primary Agent –
- The primary Agent should read the paragraph as stated
- If the Agent is clear with regard to the responsibilities, they must enter their printed name
- The Agent’s signature
- Provide the Date when the Agent’s signature was provide
Step 7 – Successor Agent – The Agent must read through their section of this document:
- If the Successor Agent agrees, they must enter their printed name at the top of the paragraph
- Provide the Successor Agent’s signature
- Enter the date that the Successor’s signature was provided in mm/dd/yyyy format
Step 8 – Witness Attestation (OPTIONAL) –
- The Witnesses must read all of the the information provided, pertaining to the Witness Attestation
- If the Witnesses are in agreement, provide the printed name(s) of the witnesses in the first line of the respective paragraph
- Provide the Witnesses signatures
