A Virginia non-durable (general) power of attorney is a legal framework where an individual, designated as the attorney-in-fact, is empowered to manage the financial and property affairs of another person, known as the principal.
Critical considerations include thoughtfully selecting the agent, clear communication of responsibilities, and understanding that the authority granted through this document ends upon the principal’s incapacitation unless a durable form is chosen, which remains effective during incapacitation.
Laws — Title 64.2, Chapter 16 (Uniform Power of Attorney Act).
Durable (§ 64.2-1602) – The agreement needs to clearly indicate that a power of attorney is not durable upon incapacitation; otherwise, it will be deemed durable.
Signing Requirements (§ 64.2-1603) – The principal must notarize their signature under this law.
