View Changes And Revision History Of Legal Iowa Durable Power Of Attorney Forms For Free

The principal must have legal capacity at the time a POA is executed; and likewise, the POA may be revoked as long as the principal has legal capacity to do so. The Iowa Code contains default provisions that a POA is durable and becomes effective immediately upon incapacity.

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.

Any interested person may file a petition to be appointed as your guardian under Iowa Code 633. To remove a financial power of attorney, a qualified person must file a petition for the district court to review the conduct and actions of the appointed agent. The list of qualified persons is included in Iowa Code 633B.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

In most circumstances in Iowa, the duration of a POA is determined by the terms set forth in the document. This indicates that the POA may be arranged to expire on a specific date or when a certain event occurs. Alternatively, it might end if the principal becomes incapacitated or passes away.

The POA document must: Name the person authorized to act as your agent. Be signed by you, the principal, or another person in your presence and at your direction. Be acknowledged before a notary public or other individual authorized to take acknowledgements.