Financial power of attorney for Pennsylvania

A financial power of attorney names one person who can act on your money and property while you are alive but cannot act for yourself.

$14, or $7 for a second household member ($21 for both). Includes 6 months of changes.

What you pay counts in full toward a package.

Who this is for

What it does not do

How to sign it in your state

Pennsylvania

Financial Power of Attorney

The principal signs with two adult witnesses and a notary acknowledgment.

Who cannot witness: The agent may not witness. The notary may not witness. A person signing for the principal may not witness.

20 Pa.C.S. §§ 5601(b), 5601.3

Agent's Certification of Power of Attorney

Sign using the notarial certificate and capacity shown in the document.

New York

Financial Power of Attorney

The principal signs before a notary and exactly two qualified witnesses.

Who cannot witness: Do not use an agent or a permissible recipient of gifts as a witness.

N.Y. GOL §§ 5-1501B, 5-1513

Agent's Certification of Power of Attorney

Sign using the notarial certificate and capacity shown in the document.

New Jersey

Financial Power of Attorney

The principal signs before a notary or other officer authorized to take acknowledgments.

N.J.S.A. 46:2B-8.9

Agent's Certification of Power of Attorney

Sign using the notarial certificate and capacity shown in the document.

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Two documents get called "power of attorney" and they do different jobs. This one is about money and property: bank accounts, bills, insurance, benefits, taxes, real estate. Medical decisions are handled by a separate healthcare power of attorney, and an agent under this document has no say in your treatment.

The reason to sign one before you need it is what happens if you do not. Without a valid power of attorney, a family that needs to act for you has to petition the court to appoint a guardian. That means a hearing, an evaluation, legal fees, and continuing reports to the court, while nobody can pay the mortgage in the meantime.

Airlooms includes the pieces that generic forms leave out: the statutory notice Pennsylvania requires at the front of the document, the express grants for gifting and beneficiary changes, and the separate agent acknowledgment your agent signs before acting.

Common questions

What is the difference between a financial power of attorney and a will?

They cover different periods. A power of attorney works while you are alive and unable to act for yourself, and it ends at your death. A will does nothing until you die. Most people need both.

Does a Pennsylvania financial power of attorney have to be notarized?

Yes. Pennsylvania requires the principal's signature to be acknowledged before a notary and witnessed by two adults, and the document must carry the statutory notice signed by the principal. The agent signs a separate acknowledgment before acting.

Can my agent be one of the witnesses?

No. In Pennsylvania the agent named in the document cannot witness it, and neither can the notary or anyone who signed on your behalf. This is one of the most common reasons a downloaded form is later challenged.

What is durable, and do I want it?

Durable means the power continues after you lose capacity, which is the whole point of having one. Pennsylvania treats a power of attorney as durable unless the document says otherwise, and a well-drafted one says so plainly.

Can I cancel it?

Yes, at any time while you have capacity. Do it in writing, tell your agent, and tell every bank or institution holding a copy. Destroying your own copy does not revoke it.

Included in