Statutory Power of Attorney Form - Minnesota

Statutory Power of Attorney Form - Minnesota

A Minnesota Statutory Power of Attorney Form is a legal form used by a principal for them to select a financial representative that would legally be allowed to represent them in an important financial setting. This will also apply if it so happens that the principal can no longer make decisions for one reason or another. Such reasons may include comas or a neurological disorder - any case where the principal can no longer communicate clearly.

Any selected agent should be chosen with great care and the individual picked needs to be reliable. This is why most principals opt for using people they are close to as agents and when forming the document, they are extremely cautious about what they include in the list of powers.

A Minnesota Statutory Power of Attorney also needs to take into account the signing requirements which are clearly outlined by state laws, requiring the principal to undergo signature authorization before a notary public. The agent should also sign the form, but this does not require authorization.


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