 | Oklahoma General Financial Power of Attorney Form |
The Oklahoma general financial power of attorney form is a legal powers document that will permit the Principal to complete the document which will provide powers to an Agent who will oversee the Principal’s financial accounts of all types as well, the Agent will have the ability to dispose of, sell, manage, refinance and/or transact their personal and real property. Completion of this document by the Principal, will require close attention, inasmuch as the powers contained may be broad and sweeping. The Principal must be very clear with regard to their rights to limit and even restrict powers. Prior to completion of this document, the Principal must closely review the entire document. If any of the document is unclear, the Principal should consider a consultation with an Attorney who would have the ability to better educate the Principal with regard to completing the document favorably to the Principal.
This document must be submitted before a licensed Notary Public. This document may be revoked at any time, in writing and by service or delivery to notify the Agent.
How to Write
Step 1 – Establish the Owner of the Document –
- Enter the full name of the Principal in the line at the top of page one (1)
Step 2 – The Parties – Enter:
- The Principal’s name
- The Principal’s Street Address
- AND
- The designate Agent’s name
- The Agent’s Street Address
- Enter the Agent’s State of Residence
(This document shall revoke any past powers documents automatically unless otherwise stated in writing)
Step 2 – Powers – The Principal must carefully review each power available for approval. If the Principal wishes to grant the reviewed power, then they must initial the line preceding each power. If the Principal chooses not to grant any specific power, place an “X” on that line or cross out the power statement. Review all powers as follows:
- Power to Make Payments or Collect Monies Owed
- Power to Acquire, Lease and Sell Personal Property
- Power to Acquire, Lease and Sell Real Property
- Management Powers
- Banking Powers
- Motor Vehicles
- Tax Powers
- Safe-Deposit Boxes
- Gift Making Powers
- Lending and Borrowing
- Contracts
- Health Care
- HIPAA
- Power to Hire and Pay for Services
- Reimbursement of Attorney-in-Fact
- Power to Sue Third Parties Who Fail to Act Pursuant to Power of Attorney
- Other – Use these lines to add special instructions, limitations, expansions, restrictions etc…
- Read the section titled “Interpretation and Governing Law”
Step 3 – Effective Date and Termination –
Enter the commencement and termination of this document by initialing according to the Principal’s wishes (if the selection requires a date, enter the Principal’s choice of commencement and the date of termination)
Step 4 – Third Party Reliance and Signatures – The Principal must read the Reliance section of the document. If in agreement, (portions of the section may be stricken by marking through any sentence that does not agree with the wishes of the Principal) -Submit:
- Date the Principal’s signature in dd/mm/yyyy format
- The Principal must submit their signature
- Submit the Printed name of the Principal
Step 5 – Acceptance of Appointment – The named Agent must enter:
- The Agent’s signature
- The Agent’s Printed name
Step 6 – Witnesses Attestations (OPTIONAL) – The witnesses must read the attestation paragraph. If each witness is in agreement, enter the following:
- Each witness must enter their signature
- Each witness must enter their complete mailing address
Step 7 – Notarization –
As the document is completed and the licensed Notary Public has witnessed all signatures, the notary shall then enter the required information that will acknowledge the validity of the document. They shall then affix the official notary state seal
