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This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including but not limited to your money) whether or not you are able to act for yourself.

The requirements for PoA forms are different in each state; however, in Iowa, your Power of Attorney will require the signature of a notary. If your agent will handle real estate transactions, the Power of Attorney will need to be acknowledged by a notary and filed or recorded with the county.

A power of attorney must be acknowledged before a notary public or other individual authorized by law to take acknowledgments. An agent named in the power of attorney shall not notarize the principal's signature. An acknowledged signature on a power of attorney is presumed to be genuine.

Powers of attorney created in other states are valid in Iowa, so long as the power of attorney was properly created in that state. The power of attorney is effective when executed (signed) unless the principal states (usually in writing) that it will become effective at a future date.

To be effective, the power of attorney must be signed before a notary public. If it affects real estate, it should include the legal description of the real estate and it should be filed with the county recorder in the county where the real estate is located.

An Iowa durable statutory power of attorney form is used when a person wants someone to have the ability and authority to handle their financial affairs. A durable power of attorney can also be used if a person anticipates being away or incapable of handling their financial matters in the near future.