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Virginia General (Financial) Power of Attorney

A Virginia General (Financial) Power of Attorney Form is used by an individual (the principal) to grant legal authority to another person (an agent) to manage finances and assets on behalf of the principal. The agent's authority expires automatically if the principal becomes incapacitated.
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Updated August 22, 2024

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Laws

  • Durable – A power of attorney document 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, is missing, detained (incarcerated), or is outside the United States and is unable to return.[2]
  • Signing Requirements – A power of attorney must be notarized.[3]

Sources

  1. § 64.2-1602
  2. § 64.2-1600
  3. § 64.2-1603