Durable Power of Attorney Form | Montana

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Updated on May 10th, 2023

A Montana durable power of attorney form allows an individual (the principal) to name a representative to manage their business decisions, financial transactions, and assets. This contract either activates immediately or upon the incapacitation of the principal. By definition, a durable power of attorney remains active in the event that the principal is incapacitated due to some medical reason. Therefore, the individual chosen should be available within the immediate area when and if the time comes to superintend the principal’s affairs. For this reason, the designation is most commonly given to the principal’s spouse, close friend, or relative. Once the power of attorney becomes effective, the representative will be able to act and make decisions on behalf of the principal regarding the following:

  • Real property
  • Tangible personal property
  • Stocks and bonds
  • Commodities and options
  • Banks and other financial institutions
  • Operation of entity or business
  • Insurance and annuities
  • Estates, trusts, and other beneficial interests
  • Claims and litigation
  • Personal and family maintenance
  • Benefits from government programs or civil or military service
  • Retirement plans
  • Taxes

Before acting the agent should review their full duties under the laws of Montana