Oklahoma Durable Financial Power of Attorney Form

The Oklahoma durable financial power of attorney form is a form that is used by a Principal for the purpose of assigning an Agent to oversee their financials and real property i the event the Principal would need to be absent for an extended time period, or if the Principal were to become ill, incapacitated or in any way become unable to communicate their own choices with regard to their money and property. Unless this document is carefully constructed, the Agent would have the ability to spend the Principal’s money and/or dispose of their property, which could subsequently significantly reduce how the estate would be distributed.

If the Principal is uncertain about the meaning of this document, it’s recommended that the Principal contact and consult with an attorney so that they may better educate themselves prior to completing and signing this document.

Signatures must be submitted before a notary. This document may be revoked at any time, provided the Principal provides written and delivered notice to the Agent(s)

How to Write

Step 1 – Notice  and Parties – The Principal must read the Notice and complete the following:

  • Principal’s name
  • Street address
  • City
  • AND
  • Selected Agent’s name
  • Street address
  • City
  • State

Step 2 – Granting of Powers – If the Principal reviews the powers (A through N) and would like to grant all of them, simply initial only “N” – Otherwise, if some of the powers are unwanted, initial each power that the Principal would like to grant cross out the powers are not to be granted, as follows:

  •  (A) Real property transactions
  • (B) Tangible personal property transactions
  • (C) Stock and bond transactions
  • (D) Commodity and option transactions
  • (E) Banking and other financial institution transactions
  • (F) Business operating transactions
  • (G) Insurance and annuity transactions
  • (H) Estate, trust, and other beneficiary transactions
  • (I) Claims and litigation
  • (J) Personal and family maintenance
  • (K) Benefits from Social Security, Medicare, Medicaid, or other governmental programs, or military service
  • (L) Retirement plan transactions
  • (M) Tax matters
  • (N)  All of the powers listed above you need not initial any other lines if you initial line “N”

Step 3 – Special Instructions –

  • In this section, the Principal may add any special instructions that may limit, restrict or even expand on current powers, in the lines provided. If more space is required, the Principal may add pages if required. Once the additions have been made on separate sheets, be certain to sign and date the additional pages to be certain that there is no questions regarding the Principals wishes on the additional pages.
  • Note* – If the Principal does not wish for the powers document to remain effective in the event that the Principal should become disabled, incapacitated or incompetent, strike through the statement and as an added measure, initial near the statement after it’s been stricken.

Step 4 – Signature – Must be applied in the presence of a Notary Public:

  • The Principal must read the statement prior to application of signature
  • Date the signature in dd/mm/yyyy format
  • Enter the Principal’s signature
  • Provide the Principal’s Social Security Number

Notarization-

Once the Notary Public has witnessed the Principal’s signature to the completed document, the Notary will then acknowledge the document by entering the required notary information and by affixing the official seal

Step 5 – Oklahoma Statues –

  • The remaining pages (5 through 13) are statutes that the Principal, family, legal counsel or anyone of interest to the Principal’s assistance, would have the ability to use as legal reference. Copy this information for record keeping.