Alaska Durable Power of Attorney (Financial)

Last Updated: 6/8/2015

Document Description

Managing your money can be stressful even in the best of circumstances. Handling investments, selling property and filing taxes all involve decisions that the most financially savvy individual can find challenging. Now imagine making those decisions when you’re facing an illness, injury or during an extended absence. A durable financial power of attorney can help you navigate such situations.

A financial power of attorney is a legal document that enables you, the principal, to grant power to an agent, to make financial decisions on your behalf. The powers you give to your agent can be as broad or specific as you choose.

The Alaska Financial Power of Attorney names several areas to which you can give your agent access. These areas include government benefits, real estate transactions, insurance and more. The document also allows you to determine when you would like your power of attorney to take effect. It’s considered durable if you choose to have it take effect immediately and continue regardless of any future incapacitation.

Your agent will have a great deal of power, so it’s important to choose that person wisely. You should discuss your wishes with your agent so that he or she acts in accordance with them. Note that in the state of Alaska, healthcare workers in assisted-living facilities are barred from serving as agents. You may also want to name a successor agent if your first choice is unable to serve. No matter whom you chose, the agent has a legal responsibility to make decisions that are in your best interest, which the Alaska Financial Power of Attorney also states.

Once you have completed your document, the state of Alaska requires your Alaska Financial Power of Attorney to be notarized. Rest assured that you can revoke your power of attorney at any time as long as you are mentally stable, and it will end automatically upon your death. You can upload your signed copy into your ezEstatePlanner Vault, where it will be securely stored in case you or other trusted individuals of your choosing need to access it.

The State Of Alaska Department Of Law offers additional legal resources and information. Visit http://law.alaska.gov/.


  • AK Assist:

    Laws that govern the power of attorney in the state of Alaska are found in Alaska Statutes § 13.26.332.

    Signature Requirements:
    1. Must be Signed and Dated by the Principal
    2. Must be Signed and Dated by the Agent
    3. Must be signed and dated by a Notary or Two Non-Blood Related Witnesses

    IMPORTANT: All persons signing the Form must be at least 18 years old and of sound mind (i.e., All parties must have the knowledge to know what he or she is signing) as well as all persons signing the Form must be doing so out of their own free will, and not because of outside pressures.



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