A Connecticut general power of attorney (GPOA) is a legal instrument that allows an individual, known as the “principal,” to delegate authority to another person, the “agent” or “attorney-in-fact,” to handle various financial matters on their behalf, including banking transactions, investment decisions, and other monetary responsibilities.
Unlike a durable power of attorney, this non-durable form is suitable for specific transactions or short-term needs and becomes ineffective if the principal becomes mentally incapacitated or unable to make decisions.
Authority (C.G.S.A. § 1-351) – The agent can only carry out specific actions for the principal or with the principal’s property if explicitly authorized by the power of attorney and not restricted by any other agreements or instruments.
Signing Requirements (C.G.S.A. § 1-350d) – The principal is required to sign the power of attorney document in front of two witnesses. In case the principal is unable to sign, they can authorize someone else to sign on their behalf in the presence of the witnesses. The signature is considered authentic if acknowledged before a notary public or another authorized individual.
Presumption of Durability (C.G.S.A. § 1-350c) – Yes, in Connecticut, a power of attorney is considered durable unless explicitly stated to terminate upon the principal’s incapacity.