A Louisiana Statutory Power of Attorney Form is made when a principal wants to create a back-up option regarding their financial assets and have another individual be able to make specific choices concerning this. It is important to note that the individual will keep these powers if the principal is no longer able to do this. The agent should act in the best interests of the principal and make decisions exactly as the principal had wished. Hence why the selected agent must be trusted and the specific outlined powers need careful consideration. The document should be carefully put away for safe keeping and it needs to be accessed easily.
A Louisiana Statutory Power of Attorney document should be signed by both the principal and the agent. However, there is no legal requirement for any witnesses or a public notary. Despite this, we would still highly recommend doing so in order to avoid any conflicts later on.
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