A Tennessee durable power of attorney form lets a principal name a representative that can manage all their financial needs. The selected representative is known as an attorney-in-fact, though this person does not need to be an actual attorney. Whoever is chosen as attorney-in-fact should be someone trustworthy and well-known by the principal. It is also recommended to name an alternative representative in case the first choice turns out to be unavailable at times when needed.
The power of attorney can be canceled at any time with a revocation form so long as the principal is still competent. Note that if, as is often the case, the principal chooses their spouse as their attorney-in-fact, the agreement doesn’t end automatically upon divorce.
“Durable” Definition – § 34-6-102
Laws – § 34-6-103
Signing Requirements – No statutory signing requirement. However, the power of attorney should be signed by the principal in the presence of two (2) attesting witnesses or a notary public.