Pennsylvania Limited Powers of Attorney for Finances

Pennsylvania Limited Powers of Attorney for Finances

Use this simple form, which contains language required by Pennsylvania law, to give someone you trust authority to act on your behalf. You can use it for any specific, clearly defined task involving your finances.

Do not use this form if you live in a state other than Pennsylvania or if you want to create a durable power of attorney.

You can save and edit the form before you buy--just create a Nolo.com account. It's easy, free, and there's no obligation to buy anything. If you purchase the form, you'll be able to print, send, or download it.

See below the form for a full product description.

NOTICE
 
THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE PERSON YOU DESIGNATE (YOUR "AGENT") BROAD POWERS TO HANDLE YOUR PROPERTY, WHICH MAY INCLUDE POWERS TO SELL OR OTHERWISE DISPOSE OF ANY REAL OR PERSONAL PROPERTY WITOUT ADVANCE NOTICE TO YOU OR APPROVAL BY YOU.
 
THIS POWER OF ATTORNEY DOES NOT IMPOSE A DUTY ON YOUR AGENT TO EXERCISE GRANTED POWERS, BUT WHEN POWERS ARE EXERCISED, YOUR AGENT MUST USE DUE CARE TO ACT FOR YOUR BENEFIT AND IN ACCORDANCE WITH THIS POWER OF ATTORNEY.
 
YOUR AGENT MAY EXERCISE THE POWERS GIVEN HERE THROUGHOUT YOUR LIFETIME, EVEN AFTER YOU BECOME INCAPACITATED, UNLESS YOU EXPRESSLY LIMIT THE DURATION OF THESE POWERS OR YOU REVOKE THESE POWERS OR A COURT ACTING ON YOUR BEHALF TERMINATES YOUR AGENT'S AUTHORITY.
 
YOUR AGENT MUST ACT IN ACCORDANCE WITH YOUR REASONABLE EXPECTATIONS TO THE EXTENT ACTUALLY KNOWN BY YOUR AGENT AND, OTHERWISE, IN YOUR BEST INTEREST, ACT IN GOOD FAITH AND ACT ONLY WITHIN THE SCOPE OF AUTHORITY GRANTED BY YOU IN THE POWER OF ATTORNEY.
 
THE LAW PERMITS YOU, IF YOU CHOOSE, TO GRANT BROAD AUTHORITY TO AN AGENT UNDER POWER OF ATTORNEY, INCLUDING THE ABILITY TO GIVE AWAY ALL OF YOUR PROPERTY WHILE YOU ARE ALIVE OR TO SUBSTANTIALLY CHANGE HOW YOUR PROPERTY IS DISTRIBUTED AT YOUR DEATH. BEFORE SIGNING THIS DOCUMENT, YOU SHOULD SEEK THE ADVICE OF AN ATTORNEY AT LAW TO MAKE SURE YOU UNDERSTAND IT.
 
A COURT CAN TAKE AWAY THE POWERS OF YOUR AGENT IF IT FINDS YOUR AGENT IS NOT ACTING PROPERLY.
 
THE POWERS AND DUTIES OF AN AGENT UNDER A POWER OF ATTORNEY ARE EXPLAINED MORE FULLY IN 20 Pa. C.S. Ch. 56.
 
IF THERE IS ANYTHING ABOUT THIS FORM THAT YOU DO NOT UNDERSTAND, YOU SHOULD ASK A LAWYER OF YOUR OWN CHOOSING TO EXPLAIN IT TO YOU.
 
I HAVE READ OR HAD EXPLAINED TO ME THIS NOTICE AND I UNDERSTAND ITS CONTENTS.
 
Principal's Signature: ________________________________
                                   
 

Grant of Authority

I, , (principal) of , appoint  (agent) to act in my place for the purposes of: .

I grant my agent full authority to act in any manner both proper and necessary to the exercise of the foregoing powers, and I ratify every act that my agent may lawfully perform in exercising those powers.

Effective Date and Term

This power of attorney takes effect on  and shall continue until I terminate it in writing or until , whichever comes first. This power of attorney shall terminate immediately if I die or become incapacitated.

Reliance by Third Parties

I agree that any third party who receives a copy of this document may act under it. Revocation of the power of attorney is not effective as to a third party until the third party has actual knowledge of the revocation. I agree to indemnify the third party for any claims that arise against the third party because of reliance on this power of attorney.

Principal's Signature

Principal's Signature: ________________________________
                                   
Date: ____________________________________

State of __________________, County of ___________________

 

Witnesses' Signatures

On the date written above, the principal declared to us that this instrument is his or her financial power of attorney and that he or she willingly executed it as a free and voluntary act. The principal signed this instrument in our presence.

First Witness

Witness's Signature: ________________________________________

Witness's Name:       ________________________________________

Witness's Address:   ________________________________________

Second Witness

Witness's Signature: ________________________________________

Witness's Name:       ________________________________________

Witness's Address:   ________________________________________

Page Break

 

 

Certificate of Acknowledgment of Notary Public

 

 

State of Pennsylvania                                   )

                                                                      ) ss.

County of ________________________     ) 

 

This record was acknowledged before me on (date)_______________________ by (name(s) of individual(s)) ________________________________, ________________________________, and ________________________________. 
_________________________________________
Signature of Notarial Officer 
_________________________________________
Title of Office 
[NOTARIAL SEAL]
My commission expires:  _____________________
 

 

Page Break

 

 

Acknowledgment of Agent

 

 

I, , have read the attached power of attorney and am the person identified as the agent for the principal. I hereby acknowledge that when I act as agent, I shall act in accordance with the principal's reasonable expectations to the extent actually known by me and, otherwise, in the principal's best interest, act in good faith and act only within the scope of authority granted to me by the principal in the power of attorney.

 

__________________________________________________
Signature of Agent
__________________________________________________
Name of Agent
__________________________________________________
Date

Loading your form ...

1-Year Subscription

Price: $34.99

A power of attorney is a simple, one-page form that gives someone you trust authority to act on your behalf. To complete it, all you need to do is fill in information about you and the person you’re naming as your “attorney-in-fact” or agent. You’ll also spell out the authority you’re granting that person. For example, you could use this limited power of attorney to give authority to:

  • sell your car and sign over the title to the new owner
  • manage specific investments while you’re out of the country
  • sign loan papers for you while you’re in the hospital
  • or any other specific financial task

A power of attorney is a commonly used document, and third parties (the person buying your car, for example) will probably accept it readily. Just in case they’re worried about relying on it, the document contains language (called an indemnification clause) that lets them know they can legally rely on the document.

This Pennsylvania limited power of attorney contains important text required by Pennsylvania state law.

Do not use this form if:

Additional Technical Support FAQs

In order for the Online Interactive Form to work properly, it is best to use:

Windows

  • Chrome, Firefox, IE 8 or higher
  • Adobe Reader 9 or higher
  • JavaScript must be enabled

Macintosh OS X

  • Safari, Chrome, or Firefox
  • Adobe Reader 9 or higher, or Preview
  • JavaScript must be enabled

Customers Who Bought This Item Also Bought