A Vermont non-durable (general) power of attorney authorizes a designated agent to handle the personal and financial matters of someone else (the “principal”). This document empowers the agent to handle financial affairs, access information, and conduct transactions involving the principal’s accounts and properties. Additionally, the principal can nominate a substitute agent to act if the original agent is not available.
This form of delegation becomes void if you become incapacitated. If someone desires their appointed authority to continue even during incapacitation, they should opt for the Vermont durable power of attorney, which remains in effect under such circumstances.
Laws — Title 14, Chapter 127 (Vermont Uniform Power of Attorney Act).
Durable (14 VSA. § 4004) – It needs to specify a statement to indicate that a power of attorney is not durable upon incapacitation.
Signing Requirements (14 VSA. § 4005) – Must be notarized by a public notary.
