The Pennsylvania general power of attorney form allows a principal to designate certain financial powers to a representative (attorney-in-fact). This type of form does not remain in effect if the principal becomes incapacitated; for a more long-term arrangement, one can complete the durable power of attorney form. The principal should take time to consider their options for a representative. An attorney-in-fact should be someone close, such as a spouse, relative, or close friend, and someone that will be able to perform all the tasks set forth in the power of attorney document. The attorney-in-fact may be authorized to make important financial decisions such as property negotiations, banking and other business transactions, stocks and investment management, and estate and retirement planning.
Signing Requirements – Notary Public and Two (2) Witnesses (§ 5601(b))