Loading...The California durable statutory power of attorney lets a person choose another individual, known as the “agent” or “attorney-in-fact”, to handle financial matters on their behalf. The individual, known as the “principal”, can choose to have the powers selected to remain valid if they should happen to fall ill and be incapacitated in any way. Therefore, the agent or attorney-in-fact selected, along with any secondary agents, should be selected carefully and highly recommended they be a trusted individual.
Laws – PROB § 4401
Signing Requirements – Notary Public (PROB § 4402)