A Utah durable power of attorney form allows a principal to name an attorney-in-fact to manage their financial affairs if they can no longer make decisions for themselves, whether it’s temporarily or permanently. While this individual needn’t be a lawyer, he or she must be someone the principal trusts and is willing and able to do anything from paying the gas bill to stewarding their investments and managing any business interests that they have.
Typical choices for the attorney-in-fact include relatives, close friends, or spouses. In Utah, if a spouse is chosen as the attorney-in-fact and a divorce ensues, the agreement automatically terminates. The principal can end this agreement at any time through the authorizing of the revocation form.
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