Power of Attorney (Financial) in Massachusetts
A financial power of attorney lets you name an agent to handle money and property for you. Many states have their own statutory form and signing rules (notary, witnesses), and banks often ask for that form. Check your state's rules below; if your state has a statutory form, use it.
What Massachusetts law says
| Power of attorney signing rules | Massachusetts durable power of attorney rules are in G.L. c. 190B, §§5-501 and following. A power of attorney is 'durable' only if the writing contains words such as 'This power of attorney shall not be affected by subsequent disability or incapacity of the principal, or lapse of time,' or similar words showing that intent (§5-501). Acts by the agent during the principal's incapacity then bind the principal, and unless a termination time is stated the power does not lapse with time (§5-502). Source: G.L. c. 190B, §§5-501, 5-502 |
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FINANCIAL POWER OF ATTORNEY
I, [principal full name], of [principal address], appoint [agent full name], of [agent address], as my agent.
Successor agent (if my agent cannot serve): [successor agent name and address]
My agent may act for me in these matters: [list the powers you grant, e.g. banking, real estate, taxes, benefits, bills]
Limits or special instructions: [any limits, or 'none']
This power of attorney [continues if I become incapacitated (durable) / ends if I become incapacitated], and takes effect [now / on a date or event].
Signed on [date]. Principal signature: ____________________
[Witness signatures and notary acknowledgment, as your state requires]
Agent's acceptance (if your state requires it): ____________________
Power of Attorney (Financial) for other states · Massachusetts tenant rights
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.