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Durable Power of Attorney Form | Alaska

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Updated on April 12th, 2023

An Alaska durable power of attorney form grants someone else unrestricted financial permission to act on a principal’s behalf, even if the principal becomes incapacitated. It must be completed and signed by all parties before a notary public.

Commonly Used For

  • Real estate transactions;
  • Buying or selling personal property;
  • Investment transactions;
  • Business operations;
  • Insurance purposes;
  • Retirement plans;
  • Claims and litigation;
  • Personal relationships and affairs;
  • Government program benefits;
  • Obtaining or releasing records, reports, and statements;
  • Voter registration; and
  • Any other legal matters.

Laws

  • “Durable” Definition (AS 13.26.675) – The subsequent incapacity of a principal does not revoke or terminate the authority of an agent who acts under a power of attorney in a writing executed by a principal if the writing contains the words “This power of attorney shall become effective upon the incapacity of the principal,” or contains the words “This power of attorney shall not be affected by the subsequent incapacity of the principal,” or words substantially similar showing the intent of the principal that the authority conferred shall be exercisable notwithstanding the principal’s subsequent incapacity or uncertainty as to whether the principal is dead or alive.
  • Statute – § 13-26-645 (Statutory form power of attorney)
  • Signing Requirements (AS 13.26.600) – Notary Public

When the form has become legal, copies should be given to all the agents involved, as the form must be shown every time it is used or representation is needed.