Signing Requirements
The principal must have their signature acknowledged in the presence of a notary public.[2]
Powers Granted[3]
- Real estate transactions
- Transactions involving tangible personal property, chattels, and goods
- Bonds, shares, and commodities transactions
- Banking transactions
- Business operating transactions
- Insurance transactions
- Estate transactions
- Retirement plans
- Claims and litigation
- Personal relationships and affairs
- Benefits from government programs and civil or military service
- Records, reports, and statements
- Voter registration and absentee ballot requests
- All other matters
“Durable” Definition
“Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity; in this paragraph, “incapacity” has the meaning given in AS 13.26.695;[4]
“Power of Attorney” Definition
“Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term “power of attorney” is used;[5]
Revocation
A durable power of attorney can be terminated in the following manners:
- If a revocation form is signed by the principal and presented to the agent and any 3rd parties;
- If an end date is mentioned in a power of attorney; or
- If other termination language is stated, such as accomplishing a goal.[6]
Statutory Form
The State of Alaska has a statutory document required for use.[3]