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South Carolina General (Financial) Power of Attorney

A South Carolina General (Financial) Power of Attorney Form allows a person (principal) to assign to another individual (agent) the power to act on the principal's behalf in financial matters. This power will automatically terminate if the principal is found to be incompetent or otherwise incapacitated.
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Updated August 22, 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 because of an impairment or because the person is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – Must be signed by the principal and two witnesses and signatures must be notarized.[3]

Sources

  1. § 62-8-104
  2. § 62-8-102
  3. § 62-8-105