The Arizona durable power of attorney form is used to choose a person to be an “Agent,” to manage the finances of the principal signatory. The agent need not be an attorney but should live in close enough proximity to the principal to perform necessary financial tasks if it becomes necessary. The document enables the principal to grant the agent specific powers while denying them access to other financial accounts and activity. Once signed by the principal, a witness, and a notary public, the financial durable power of attorney becomes effective and will remain in effect following the loss of the principal’s decisional capacity.
Definition – § 14-5501(A)
Laws – § 14-5501
Signing Requirements – The document must be executed and signed by the principal and witness in the presence of a certified notary public (§ 14-5501(D)).
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