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Iowa General (Financial) Power of Attorney

An Iowa general power of attorney allows an individual to legally appoint another person as his or her attorney-in-fact or agent. It defines what a designated agent may do in the principal's name and is official proof of their appointment. This type of power of attorney becomes void if the principal becomes incapable.
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Laws

  • Durable – A power of attorney is durable unless it expressly provides that it is terminated by the incapacity of the principal.[1]
  • Incapacity – Means the inability of a person to manage their property or business affairs due to an impairment, is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – The Principal’s signature must be notarized.[3]