Durable Power of Attorney Minnesota Form – Adobe PDF
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Loading...Under a financial power of attorney, a person in Minnesota may designate an individual as your Attorney-In-Fact to make all your monetary decisions and representations for you. It is important to choose someone that lives near you so they may be able to step in at a moment’s notice and best represent your financial wishes. In Minnesota, the form ends if you become divorced. As long as you remain mentally competent, you can revoke the agreement yourself by filling in the revocation form and deal out to others who have been accepting the original form.
- The most important aspect of this document is that it “shall not be affected by incapacity or incompetence of the principal” according to State law
The powers that the agent may act include;
- Real property transactions
- Tangible personal property transactions
- Bond, share, and commodity transactions
- Banking transactions
- Business operating transactions
- Insurance transactions
- Beneficiary transactions
- Gift transactions
- Fiduciary transactions
- Claims and litigations
- Family maintenance
- Benefits from military service
- Records, reports, and statements
See text version of the form in the Minnesota Statutes 523.23
