Arizona Durable (Financial) Power of Attorney Form

• Personal Finances
  • Deposit and withdraw funds from bank accounts;
  • Enter and remove items from safety deposit boxes;
  • Request, demand, pay, and sue for sums of money or debt;
  • Execute and deliver satisfaction or release; and
  • To borrow money or execute and deliver notes.
• Real Property
  • Purchase, sell, lease, subdivide, exchange, or grant and convey real property; and
  • To mortgage, transfer in trust, or encumber the same note or performance of any obligation or agreement.
• Personal Property
  • To contract for, buy, sell, exchange, transfer, or endorse personal property in any legal manner; and
  • To mortgage, transfer in trust, or encumber a note of the performance of any obligation or agreement.
• Business Transactions
  • To handle any type of business transaction of any kind;
  • To execute, acknowledge, and deliver any deed, lease, assignment, covenant, indemnity, agreement, mortgage, deed of trust, or beneficial interest in the best interest of the principal;
  • To renew any obligation, subordination or waiver of priority, bill of lading, bill of sale, bond, note, receipt, check, evidence of debt, full or partial release of mortgage judgment or other debt, and any other such instruments or any kind or class as may be deemed necessary or proper.
• Perform Any and All Acts
  • To handle any necessary or appropriate act to be done on behalf of the principal and in their best interest. All such acts should be done as the principal might or could do if personally present.

The death of the principal or the authorization of a revocation form by the principal cancels and terminates a power of attorney document.^[4]

There is no statutory form in Arizona. However, the statutes recognize the creation of durable power of attorney if it’s worded clearly in its intention and signed by the principal in accordance with the statutes.^[5]