The general power of attorney form for Maryland allows a person to designate someone else, known as the ‘Agent’ or ‘Attorney in Fact’, to handle any type of monetary related matter on their behalf. The person may be anyone that you can trust with all your assets and once the document is signed he or she is able to start conducting matters on your behalf.
The acts must be performed in accordance with State laws and it should be known that if the principal, or person being represented, should become incapacitated that the document becomes void. If the parties would like a form to be valid even if the principal becomes incapacitated or not mentally capable of making decisions on their own the Durable Version should be completed.