California General Financial Power of Attorney Form

If you have been thinking of transferring your authority over some financial obligations to another person and are wondering how to do that legally, we might just have the answer.

Using the California General Financial Power of Attorney form, the principal can transfer their powers over certain issues to a trustee. The assigned Attorney-in-Fact will be making decisions or acting on behalf of the confidant on the agreed financial matters.

If perhaps you want to find out more about some other California power of attorney templates, check our dedicated state article linked in this paragraph.

california general financial poa

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The power transferring process is regulated by the statutory norms and the California Code of Regulations (State Treasurer’s Office). Always check out for the latest amendments and refreshments to the documents. This printable power of attorney form shall comply with these norms and may cover the following:

  • retirement savings
  • college savings
  • bank accounts values and interest income
  • tax management
  • many others

There are two parties to the transferring process. The party that grants authority and assigns the trustee is called the principal. The party receiving responsibility is called an agent or an Attorney-in-Fact—the latter is used more frequently. Before choosing a trustee, one should think very carefully and opt for a person who has a great understanding of financial management and is trustworthy. The general financial power of attorney is not the same as the durable power of attorney, although it can be converted into one.

California General Power of Attorney Form Details

Document Name California General Power of Attorney Form
Other Name California Financial Power of Attorney
Relevant Laws California Probate Code, Division 4.5
Where to File? Not necessary to file in most cases (but it may be needed to record the form with the County Recorder’s Office)
Avg. Time to Fill Out 10 minutes
# of Fillable Fields 38
Available Formats Adobe PDF

Filling Out California General Financial POA Form

To issue the California General Financial Power of Attorney, you need first to prepare the proper legal form. You can get legal assistance or just use our software tools to build any form you need. Make sure to look carefully through the document before starting to fill it in. It is essential to familiarize yourself with the conditions, disclosures, and general terms given in the form. Below, we provide you with step-by-step instructions on how to fill out the power of attorney form:

  1. Identify the parties. Enter the full name of the confidant or a legal representative first, and then proceed with the potential Attorney-in-Fact’s name.
    Step 1 to filling out a california general power of attorney - parties
  2. The next section will largely define the scope of powers that the principal is willing to transfer. Pay special attention to the wording. Under item G., the principal will need to disclose whether the Attorney-in-Fact retains his or her powers if the principal suddenly becomes incapacitated. Under item H., the confidant needs to establish if the transferred authority comes into effect when he or she becomes incapacitated. Please, do not forget to indicate the period during which you want the Attorney-in-Fact to retain the powers. If neither of the above applies, just put a strike through the whole statement.
    Step 2 to filling out a california general power of attorney form - powers scope
  3. The Attorney-in-Fact should accept his or her new responsibilities. The trustee needs to go through the Notice addressed to people accepting the assignment. The new Attorney-in-Fact enters the current date, a printed name, and signature in the corresponding blank space.
    Step 3 to filling out a california general poa template - responsibilities
  4. The principal has to provide his or her verification as well. It is the confidant’s responsibility to double-check all of the statements under the “Giving And Granting” title and agree or disagree with them.
    Step 4 to filling out a california general power of attorney sample - verification
  5. Notarization of the document is required. Make sure to leave the space below the principal’s signature empty so that the notary public can seal the agreement.
    Step 5 to filling out a california general power of attorney example - notarization

Once the document is signed and notarized, we advise you to make several copies to serve to the County Recorder’s Office, the new Attorney-in-Fact, and any other relevant state or municipal institution when needed.

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Published: Jun 11, 2021