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Louisiana General (Financial) Power of Attorney

A Louisiana general (financial) power of attorney allows an individual (the principal) to assign powers to an attorney-in-fact (the agent) that they will use to act on the principal's behalf. It becomes void if the principal becomes incapacitated or is otherwise unable to manage their own affairs.
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Laws

  • Durable – A power of attorney is durable unless it states otherwise.[1]
  • Incapacity – Louisiana law does not define “incapacity.” However, the Uniform Power of Attorney Act defines it as the inability of a person to manage their property or business affairs because of an impairment, is missing, detained (incarcerated), or is outside the United States and is unable to return.
  • Signing Requirements – Must be signed by the Principal and two witnesses. Their signatures must be notarized.[2]