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Minnesota General (Financial) Power of Attorney

A Minnesota general (financial) power of attorney form allows a person to appoint a trusted friend or relative to handle their general financial affairs on their behalf. This is done when someone anticipates being away or unavailable or simply prefers that their appointed agent act on their behalf when it is necessary and convenient.
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Updated June 17, 2024

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Laws

  • Statutes – Chapter 523. Powers of Attorney
  • Authority (M.S.A. § 523.23) – An agent under a general power of attorney may act on behalf of the principal and exercise broad authority as granted by the agreement. The purpose of the power of attorney is for the principal to give broad and sweeping powers to your attorney(s)-in-fact, the person designated to handle affairs.
  • Signing Requirements (M.S.A. § 523.01 & M.S.A. § 523.23) – Notary Public.