Permitted in Iowa?
Yes, state law allows a power of attorney to become effective at a future date or when a specified event takes place.[1]
Signing Requirements
The principal (or another person at the direction of the principal) must sign the document in the presence of a notary public or other individual authorized to take acknowledgements. The notary may not be an agent named in the power of attorney.[2]
“Incapacity” Definition
“Incapacity” means the inability of an individual to manage property or business affairs because the individual is any of the following:
(A) An individual whose decision-making capacity is so impaired that the individual is unable to make, communicate, or carry out important decisions concerning the individual’s financial affairs.
(B) Detained or incarcerated in a penal system.
(C) Outside of the United States and unable to return.[3]