Updated June 02, 2022
An Arizona general power of attorney grants “unlimited financial powers” to an agent of the principal on the document. This includes the ability to sell property, run a business, hire employees, file taxes, pay debts, access bank accounts, trusts, and safety deposit boxes, and other general estate-running business. Arizona specifies that the general power of attorney document goes into effect upon signing, and the powers do not continue if the principal becomes incapacitated, which is defined as a medical professional stating that the principal is no longer capable of making decisions for him or herself.
How to Write:
Step 1 – Download our form, and schedule a time to meet with a notary public. Find a witness that is not a relative through blood or marriage, as well.
Step 2 – Write in the names of the principal, the attorney-in-fact, and consider a successor to the attorney-in-fact. Although this third party is not required, this individual can be a good option in the event that the main attorney-in-fact is unable to perform the general power of attorney duties.
Step 3 – Write in the City in Arizona in which the principal resides. In order for Arizona power of attorney laws to cover the document, the principal must reside in the state; however, the agent and the successor to the agent do not have to live in the state.
Step 4 –Read the terms and conditions, which include specifications about disclosure, third-party involvement, and compensation.
Step 5– Have all parties sign the document.
Step 6 –Consider having the notary public sign and stamp the document. This is not required in Arizona, but it does help verify the legality of the document.