 | Oregon Durable Financial Power of Attorney Form |
The Oregon durable financial power of attorney form is a document that allows the Principal the ability to transfer and oversee unlimited powers to a selected Agent. The powers will commence upon the execution of this document and will remain in effect even if the Principal becomes disabled or incapacitated, unless, the Principal revoked the document. This document should be reviewed carefully, by the Principal, prior to completing an application of signature. If the Principal is unsure of any portion of this document, the may wish to consult with an attorney for guidance.
This document should be signed before a notary. This document may be revoked at any time by the Principal, in writing and by delivery or service to the Agent, to remain in compliance with the powers document.
How to Write
Step 1 – Download the Document – The Principal must read the following titles:
- Notice
- Incapacitation
- Revocation
- Witness and Notary
Step 2 – The Parties – Enter the following:
- Name of the Principal
- Street Address
- City
- State
- AND
- Name of the appointed Agent
- Street Address
- City
- State
- Enter the state where the powers document shall be utilized
- AND
- Name of the Successor Agent
- Street Address
- City
- State
- Provide the state where the powers document shall be utilized
- The Principal must review the Terms and Conditions
Step 3 – Granting of Powers – The Principal must review all of the powers. Should the Principal wish to grant the power, enter their initials, if they choose to reject the power, place an “X” in the line instead – Review the following:
- (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
Step 4 – Additional Titles – The Principal must carefully review the following:
- Third Parties
- Compensation
- Disclosure
Step 5 – Signatures – Must be signed before a notary:
- Enter the printed name of the Principal
- Date the signature in dd/mm format
- Provide the Principal’s Signature
- AND
- Provide the printed name of the Agent
- Enter the Agent’s Signature
- Date the signature in mm/dd/yyyy format
- AND
- Submit the printed name of the Successor Agent (optional)
- Enter the Successor Agent’s signature
- Date the Successor’s signature in mm/dd/yyyy format
Step 6 – Notary Acknowledgement (optional but highly recommended) –
Once the notary has witnessed all of the signatures, the notary shall acknowledge the document by entering all of the information required by state law to acknowledge the document and its validity
Step 7 – Acknowledgement and Acceptance of Appointment as Agent and Successor Agent –
- Each Agent must review their acceptance information, if they are in agreement:
- Enter the name of each Agent in their respective paragraphs
- Provide signatures
- Date the signatures in mm/dd/yyyy format
Step 8 – Witness Attestation (optional) – The witnesses must read the attestation paragraph –
- Each witness must enter their printed names
- Each witness must provide their signatures
