![]() ![]() This requires a listing of the full name and entire address of the Attorney-in-Fact that should wield your principal power in the State of Minnesota to be listed. Every Attorney-in-Fact that you intend to grant the power or authority you hold over one or more subjects must be identified. ![]() (2) Minnesota Attorney-in-Fact Name And Address. ![]() It is strongly advised that you list the same address used on your financial documents and government identification. Your name as well as your address must be recorded at the start of this document where it is requested. As the Principal issuing power of attorney in the State of Minnesota, you must make sure that anyone reviewing this paperwork is able to identify it as your declaration regarding your principal authority. The Minnesota legislature has created a statutory form for a power of attorney available at § 523.23. The agent is required to sign but their signature does not have to be acknowledged ( § 523.01). The principal is required to authorize in the presence of a notary public. The Minnesota Statutes do not define “power of attorney” other than to say that the term only applies to those that are validly executed, as explained in the signing requirements ( 523.03.3). Wright County Durable Financial Power of AttorneyĬhapter 523 (Powers of Attorney) Definition of “Durable”Ī power of attorney is durable if it contains language such as “This power of attorney shall not be affected by incapacity or incompetence of the principal” or “This power of attorney shall become effective upon the incapacity or incompetence of the principal,” or similar words showing the intent of the principal that the authority conferred is exercisable notwithstanding the principal’s later incapacity or incompetence ( 523.07).Spanish (Español) Durable Financial Power of Attorney.Wright County Durable Financial Power of Attorney Spanish (Español) Durable Financial Power of Attorney The term “durable” refers to the form being valid for use even if the principal becomes incapacitated or no longer able to make conscious decisions for themselves. The person selected, the “agent”, will have unrestricted power to make any type of decision as if the principal was making it themselves. A Minnesota durable statutory power of attorney form lets a person (“principal”) appoint someone else to handle their finances. ![]()
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