An Iowa non-durable (general) power of attorney (GPOA) grants an individual, known as the “principal,” the authority to appoint a chosen agent to oversee their financial affairs, including handling bank transactions and investment decisions.
The non-durable form becomes ineffective if the principal cannot handle their own matters. For extended authority granted to the agent even after the incapacitation of the principal, you may opt for a durable power of attorney.
Laws — Chapter 633B (Powers of Attorney).
Durable (Iowa Code § 633B.104) – A power of attorney in Iowa is presumed durable, meaning it remains effective, except if explicitly outlined to end upon the principal’s incapacity.
Signing Requirements (Iowa Code § 633B.105) – The principal’s signature must be acknowledged before a notary public or another authorized individual, excluding the agent.
