 | Louisiana Durable Financial Power of Attorney Form |
The Louisiana durable financial power of attorney form is a document that is prepared by the Principal to allow specific powers to an Agent so that the Agent may properly oversee the Principal’s business, in the event the Principal experiences serious illness, absence or death. The Principal review the entire document before completion or providing signature to this document. The powers contained in this document are broad and sweeping. If any portion of the document is unclear, the Principal should seek the assistance of a knowledgeable attorney for clear and proper legal advice.
It is not expressed in law whether the document must be signed by witnesses or a notary. Still, it is recommended to sign before at least two adult witnesses and/or a notary.
How to Write
Step 1 – Download the document –
- Begin by entering the name of the Parish in which the document is being executed
Step 2 – The Parties – Enter the following:
- The name of the Principal
- The Principal’s Social Security Number
- Principal’s Complete Physical Address
- AND
- Enter the name of the appointed Agent
- Agent’s Social Security Number
- Agent’s Complete Physical Address
Step 2 – Titled Sections –
- The Principal must carefully read all of the following sections. When the page is completed, the Principal must provide signature at the bottom right side of each individual page:
- Article I Durability
- Article II Prohibited Powers
- Article III Property
- Options
- Servitudes and Easements
- Oil, Gas and Other Minerals
- Partnerships
- Borrowing
- Lending
- Exchanges
- Retention of Property
- Improvements
- Agents and Employees
- Mutual Funds
- Life Insurance
- Custody and Location of Property
- Powers of Attorney
- Miscellaneous Agreements
- Retirement Plans
- Accounts
- Safe-Deposit Boxes
- Legal Proceedings
- Trusts
- Fiduciary Offices
- Taxation
- Gifts
- Support
- Article IV Health Care
- Article V Personal Care
- Article VI Refusal of Medical Treatment
- Article VII Incidental Powers
- Article VIII Third Parties
- Article IX Miscellaneous Provisions
Step 3 – Signatures – All parties must be present before a Notary Public:
- Enter the name of the Parrish in which the document is being signed by the parties
- Enter the date in mm/dd/yyyy format
- Witness Signatures
- Principal’s Signature
- Agent’s Signature
Step 4 – Notarization –
Once the Notary Public has witnessed the signatures of all of the parties, the notary shall then provide all of the required information that must be provided by a licensed Notary Public. The notary must then affix their state seal (if any)
