A Washington general power of attorney (GPOA) permits you to appoint someone to manage your financial affairs. It’s crucial to select a trustworthy representative, like a family member, lawyer, or financial advisor. The general power of attorney becomes effective upon execution and remains valid until the specified termination date, your written revocation, or your incapacitation.
This form differs from a Durable Power of Attorney in that it becomes invalid if you lose the capacity to make decisions; any actions taken by the agent after your incapacity are void.
Authority (RCWA 11.125.260) – A power of attorney empowers an agent to act on behalf of the principal, granting them broad authority as specified in the agreement.
Signing Requirements (§ 11.125.050) – This requires the principal’s signature in front of a notary public or two witnesses.
Presumption of Durability (§ 11.125.040) – No, the agreement will need to contain wording specifying that it will remain effective after incapacitation.