 | Virginia Durable Financial Power of Attorney Form |
The Virginia durable financial power of attorney form is a legal document permitting a Principal to authorize powers to an Agent, selected by the Principal and who would oversee the finances, personal property and real property, in their absence. The powers shall commence on the day of the execution of the document. The powers shall remain in effect in the event of that the Principal should become incapacitated. No powers will be granted allowing the Agent to make health care decisions on behalf of the Principal.
If the Principal is uncertain of the language contained within this document, they may consult with an attorney for legal assistance. This document must be signed before a Notary Public. The document may be revoked at any time.
How to Write
Step 1 – Titled Sections – The Principal must review the following:
- Notice
- Incapacitation
- Revocation
- Witness and Notary
Step 2 – The Parties – Submit the following information:
- Name of the Principal
- Street Address
- City
- State
- AND
- Name the Agent
- Street Address
- City
- State
- State where the form will be utilized
- AND
- Name a Successor Agent (optional)
- Street Address
- City
- State
- Provide the state where the powers document shall be acted upon by the Agent
- Review the Terms and Conditions before proceeding
Step 3 – Additional Titles – The Principal must also review:
- Third Parties
- Compensation
- Disclosure
Step 4 – Signatures – Must enter signatures before a Notary Public:
- Principal’s Printed Name
- Date the signature in dd/mm format
- Principal’s Signature
- AND
- Printed name of the Agent
- Agent’s Signature
- Date the signature in mm/dd/yyyy format
- AND
- Printed name of a Successor Agent (optional)
- Successor Agent’s signature
- Date Successor’s signature in mm/dd/yyyy format
Step 5 – Notary Acknowledgement –
Once all signatures have been witnessed, the notary shall complete the remainder of the form in acknowledgement
Step 6 – Acknowledgement and Acceptance of Appointment as Agent and Successor Agent – Enter:
- Agent must review the acceptance information
- Name of each Agent respectively
- Agent’s signatures
- Date the signatures in mm/dd/yyyy format
Step 7 – Witness Attestation (optional). Submit:
- Printed names of the witnesses
- Witnesses signatures
