The Utah Statutory Financial Power of Attorney, according to § 75-9-301, allows you to name an Attorney-In-Fact to manage your monetary related affairs effective immediately and continues if you can no longer make decisions for yourself, whether it’s temporarily or permanently. While this individual needn’t be a lawyer, he or she must be someone you trust who is willing and able to do anything from paying the gas bill to stewarding your investments and managing any business interests that you have.
You can end this agreement at any time through the authorizing of the revocation form. Typical choices for the Attorney-In-Fact include your relatives, close friends and your spouse. In Utah, if you choose your spouse and a divorce ensues, the agreement automatically terminates.