Durable Power of Attorney Maryland Form – Adobe PDF

Allows a person to have unrestricted power to handle your finances as long as every decision made is in your best interests. The form remains valid (in accordance with § 17–105) if the person being represented becomes sick and too ill to think for themselves.

The agent has the power to represent the principal for all of the following;

• Real Property – Including Residential and Commercial Real Estate
• Stocks and Bonds
• Banks and Other Financial Institutions
• Insurance and Annuities
• Claims and Litigation
• Benefits From Governmental Programs or Civil or Military Service
• Retirement Plans
• Taxes

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• Statutory Form – § 17–202
• Rights and Responsibilities of the Agent
  • According to § 17-113 an agent must keep all receipts from any transactions conducted on behalf of the Principal
  • According to § 17-114 the agent has the right to be reimbursed for any expenses incurred on behalf of acting for the Principal