Durable Power of Attorney Vermont Form – Adobe PDF
The Vermont durable power of attorney allows a representative, known as an Agent or Attorney-in-Fact to manage your financial affairs. The individual selected may conduct anything from simple bill paying to shepherding your investments. The person being represented, known as the Principal, should know that this form remains in effect if he or she should become incapacitated.
When making the decision of who to choose, the following factors should be noted;
- The Agent should be available locally when needed.
- Can the person be trusted if they are not to be overseen, such as if you should become in a state of mind where you can no longer think for yourself (incapacitated).
- The Agent should have insight to how your business (if any), assets, or personal or real property is run or managed.
If you choose your spouse as your Agent, note that in Vermont, the agreement isn’t automatically ended if you divorce. It’s also a good plan to name an alternate in case your first choice is unavailable when needed. In order to create the form, it should be completed and signed with two (2) witnesses or a notary public.