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Kentucky General (Financial) Power of Attorney

A Kentucky general (financial) power of attorney allows a person (the principal) to grant authority to another person (the agent) to manage their affairs. The difference between this type and the durable type is the general POA becomes void if the principal is adjudged mentally unable to make decisions on their own behalf.
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Updated August 20, 2024

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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 – Must be notarized.[3]

Sources

  1. § 457.040
  2. § 457.020(5)
  3. § 457.050