The Kentucky durable power of attorney form is used by individuals to appoint a third party as their attorney-in-fact to handle any and all monetary decisions on their behalf. The agent cannot compensate themselves and must act in the principal’s best interests in every transaction. The form remains valid even if the principal can no longer make decisions for themselves due to mental illness or health issues.
The attorney-in-fact may have the power to act in any of the following manners as designated by the principal:
Laws – § 457.020(2) and § 457.040
Signing Requirements (§ 457.050) – Two (2) Witnesses and Notary Public