A Pennsylvania general power of attorney (GPOA) is a legal document that allows an individual to appoint an agent, also known as the “attorney-in-fact,” to manage their finances, assets, property, and business interests. This legal document empowers the agent to handle tasks such as buying and selling assets, opening accounts, and creating trusts.
Unlike the Pennsylvania Durable Power of Attorney, this general power of attorney is “non-durable,” meaning it becomes ineffective if the principal is mentally incapacitated; it does not remain effective during the principal’s incapacity and terminates upon such an event.
Laws — Title 20, Chapter 56 (Powers of Attorney).
Authority (20 Pa. CSA § 5601.4) – An agent designated in a power of attorney can act for the principal, exercising the extensive powers granted in the agreement.
Signing Requirements (§ 5601(b))– To validate the power of attorney, the presence of two subscribing witnesses and a notary public is required during the signing.
Presumption of Durability (§ 5601.1) – Yes, the power of attorney should include a provision stating that it will be revoked if the principal becomes incapacitated.