A Maine Statutory Power of Attorney Form provides an individual with the opportunity to pick a financial representative agent that will be given powers relating to finances and this could extend to properties as well as businesses. The agent can also make these decisions if a healthcare professional rules that the principal is no longer able to do this independently. Therefore, the selected agent needs to be a trustworthy individual (which is why agents often tend to be family members of close friends).
Local state laws in Maine state that in order to form a legitimate Maine Statutory Power of Attorney, the principal needs to sign before a notary public. The agent (although entirely optional) may also fill in an additional document for extra confirmation. However, if the agent does decide to do this then they will also be obliged to have that document notarized.
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