A Wyoming general power of attorney (GPOA) is a legal document that empowers a designated agent (the “attorney-in-fact”) to manage the financial affairs of the individual granting the power (the “principal”). This legal document enables the principal to specify the scope of the agent’s authority, encompassing various financial decisions and actions.
It’s important to note that this form does not extend to durable powers, meaning the agent’s authority ceases if the principal becomes incapacitated. For enduring authority under such circumstances, the principal should consider a Wyoming Durable Power of Attorney Form instead. The power of attorney becomes effective upon execution or on a predetermined date.
Authority (Wyo § 3-9-201) – An appointed agent, through a power of attorney, can represent the principal and wield extensive powers as bestowed by the terms of the agreement.
Signing Requirements (§ 3-9-105) – Wyoming law mandates a notarial acknowledgment by a notary public.
Presumption of Durability (§ 3-9-104) – Yes, a power of attorney is presumed to be durable unless it specifically indicates that it will terminate upon the principal’s incapacitation.