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Vermont General (Financial) Power of Attorney

A Vermont General (Financial) Power of Attorney Form is used to legally appoint an agent to manage the finances and assets of another individual. The individual (the principal) chooses the extent of the agent's authority in managing their affairs. The agent's authority automatically expires if the principal is incapacitated or dies.
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Laws

  • Durable – A power of attorney is durable unless it expressly provides that it is terminated by the incapacity or unavailability of the principal.[1]
  • Incapacity – Means the inability of an individual to manage property or business affairs because the individual has an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of technological assistance.[2]
  • Signing Requirements – Must be notarized.[3]