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Maryland General (Financial) Power of Attorney

A Maryland general (financial) power of attorney form is a document used to convey certain financial powers to another trusted person. With these powers, the agent is tasked with representing the principal's best interests and acting on their behalf up until the powers are revoked or the principal is unable to revoke the document.
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Laws

  • Durable – A power of attorney is durable unless otherwise provided by its terms[1]
  • Incapacity – Means the inability of a person to manage their property or business affairs because he or she meets the grounds required for the appointment of a guardian of the property of a disabled person described in § 13–201; or is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – The document must be signed by the principal (or by another individual at the express direction of the principal), and the signature must be attested and signed by two or more adult witnesses while in the presence of the principal and each other. Signatures must be acknowledged before a notary public who may act as a witness.[3]