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FINANCIAL DURABLE GENERAL POWER OF ATTORNEY
Advisory Notice to Agent: ARS § 14-5506 governs the exercise of powers of attorney. Under that
statute, an agent cannot receive ANY benefits from the principal unless those benefits are specifically
identified in detail within this instrument or within a written contract. Otherwise, the agent could be
subject to criminal prosecution or subject to the penalty provisions of ARS § 46-456, which authorizes
the loss of the agent’s right to inherit from the principal as well as payment of treble damages and
attorneys’ fees. An agent should carefully review these statutes or consult with a knowledgeable
attorney prior to exercising the authority granted by this power of attorney.
ARTICLE ONE
GRANT OF POWERS
I, the undersigned principal, ____________________________ currently residing at
______________________________________, hereby appoint __________________________,
currently residing at _________________________________________________, (hereinafter referred
to as the "Agent"), as my attorney in fact, hereby granting the Agent full power and authority, as though
the Agent were the absolute owner of my assets and liabilities, to perform those acts for me and in my
name, place, and stead as expressly provided below as fully as I could perform if personally present and
not disabled, incapacitated or incompetent.
THIS POWER OF ATTORNEY SHALL BECOME EFFECTIVE AS OF THE DATE I
SIGN THIS DOCUMENT AND SHALL NOT BE AFFECTED BY MY DISABILITY,
INCAPACITY OR INCOMPETENCY OR BY LAPSE OF TIME.
By placing my initials following the description of each selected power set forth below, and by
causing the witness to place his or her initials below my initials for each selected power, the principal
acknowledges that [s/he] has reviewed and expressly approved of the delegation hereunder of each
selected power to my Agent):
1. Power to Buy and Sell. To transfer, sell, purchase, lease, encumber, assign, exchange and
convey, or exercise any option, election, privilege or power with respect to any or all property, real and
personal, tangible and intangible, within or without the State of Arizona, as the Agent in his or her sole
discretion determines, and to disclaim any interest in any property to which I would otherwise succeed.
Initials: _____________ _____________
Principal Witness
2. Power with Respect to Bank Accounts. To establish accounts of all kinds, including, without
limitation, checking and savings accounts, for me with financial institutions of any kind, including banks
and other similar financial institutions; to modify, terminate, make deposits to or write checks on or
make withdrawals from and grant security interests in all accounts in my name or with respect to which I
am an authorized signatory (except any accounts held by me in a fiduciary capacity), whether or not
such account was established by me or for me by the Agent, to negotiate, endorse or transfer any checks
or other instruments with respect to any such accounts; and to contract for any services rendered by any
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bank or financial institution.
Initials: _____________ _____________
Principal Witness
3. Power with Respect to Safe Deposit Boxes. To contract with any institution for the
maintenance of a safe deposit box in my name; to have access to all safe deposit boxes in my name or
with respect to which I am an authorized signatory, whether or not the contract for such safe deposit box
was executed by me (either alone or jointly with others) or by the Agent in my name; to add to and
remove from the contents of any such safe deposit box and to terminate any and all contracts for such
boxes.
Initials: _____________ _____________
Principal Witness
4. Power to Demand, Receive, Prosecute or Defend. To ask, demand, sue for and receive all
sums of money which are or shall become due, owing or payable to me, or which belong or shall belong
to me, whether social security benefits, pension payments, individual retirement accounts, dividends,
interests, annuities, debts, or any other receivables, and to use all lawful ways and means in my name for
the recovery thereof, and to prosecute or defend actions, claims or proceedings in any jurisdiction. and
to defend suits at law.
Initials: _____________ _____________
Principal Witness
5. Brokerage Accounts. With respect to any account with any brokerage firm: (a) to effect
purchases and sales (including short sales), to subscribe for and to trade in stocks, bonds, options, or
other securities, or limited partnership interests or investments and trust units, whether or not in
negotiable form, issued or unissued, foreign exchange, commodities, and contracts relating to same
(including commodity futures), on margin or otherwise, for my account(s) and risk; (b) to deliver to any
third party securities for my account(s), and to instruct any third party to deliver securities from my
account(s) to any other brokerage firm or to others, and in such name and form as the Agent may direct;
(c) to instruct any third party to make payment of moneys from my account(s) with any third party, and
to receive and direct payments therefrom payable to me or to others; (d) to sell, assign, endorse and
transfer any stocks, bonds, options or other securities of any nature, at any time standing in my name
and to execute any documents necessary to effectuate the foregoing; (e) to receive statements of
transactions made for my account(s); (f) to approve and confirm the same, to receive any and all notices,
calls for margin, or other demands with reference to my account(s); and (g) to make any and all
agreements with any third party with reference thereto for me and on my behalf.
Initials: _____________ _____________
Principal Witness
6. Employ Consultants. To employ, compensate and terminate the services of financial,
investment and legal advisors and consultants.
Initials: _____________ _____________
Principal Witness
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7. Power with Respect to Insurance. To purchase, maintain, surrender, collect or cancel (a)
life insurance or annuities of any kind on my life or the life of any one in whom I have an insurable
interest, (b) liability insurance protecting me and my estate against third party claims, (c) hospital
insurance, medical insurance, Medicare supplement insurance, custodial care insurance, and disability
income insurance for me or any of my dependents, and (d) casualty insurance insuring assets of mine
against loss or damage due to fire, theft, or other commonly insured risk; to pay all insurance premiums,
to select any options under such policies, to increase coverage under any such policy, to borrow against
any such policy, to pursue all insurance claims on my behalf, to adjust insurance losses; and the
foregoing powers shall apply to private and public plans, including, without limitation, Medicare,
Medicaid, and Workers' Compensation.
Initials: _____________ _____________
Principal Witness
8. Power to Provide for Principal's Support. To do all acts necessary for maintaining my
customary standard of living, to provide living quarters by purchase, lease or other arrangement, or by
payment of the operating costs of my existing living quarters, including interest, amortization payments,
repairs and taxes, to provide normal domestic help for the operation of my household, to provide
clothing, transportation, medicine, food and incidentals, and if necessary to make all necessary
arrangements, contractual or otherwise, for me at any hospital, hospice, nursing home, convalescent
home or similar establishment, or in my own residence should I desire it, and to assure that all of my
essential needs are provided for at such a facility or in my own residence, as the case may be.
Initials: _____________ _____________
Principal Witness
9. Income Tax Returns. To prepare and file any federal, state or local income tax return on
my behalf and to deal with any governmental agency with respect to any of my tax returns.
Initials: _____________ _____________
Principal Witness
10. Nomination of Guardian/Conservator. While I hope that by executing this
instrument I will have obviated the need for a guardianship and conservatorship of my person and of my
estate, if it should become necessary for a guardian or conservator to be appointed for my person or for
my estate, I nominate the Agent to so serve.
11. Alternate Agents. If the Agent designated in the introductory paragraph of Article One
above cannot serve or continue to serve or is unavailable to serve, I appoint
____________________________________, to serve as my Alternate Agent (“Alternate Agent”). No
Alternate Agent shall be liable for any act or omission of the initial Agent.
12. Benefit to Agent. My agent shall be entitled to reasonable compensation for any services
provided as my Agent, which compensation shall be up to $____________ per hour. My agent shall be
entitled to reimbursement of all reasonable expenses incurred as a result of carrying out any provision of
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this Power of Attorney.
Initials: _____________ _____________
Principal Witness
13. General Power of Appointment. Nothing in this instrument shall be construed as creating
in the Agent a general power of appointment exercisable in its own behalf, or for the benefit of the
Agent's estate, the Agent's creditors, or creditors of the estate of the Agent.
14. Limitations on Authority. The Agent shall not have any power to amend, alter, or revoke
any will or codicil.
15. Revocation of Prior Powers of Attorney. I hereby revoke all powers of attorney, whether
general or limited, previously granted by me as principal and terminate all agency relationships created
thereunder, including, without limitation, those relationships of all successor agents named therein, if
any, except any powers granted by me on forms provided by financial institutions granting the right to
write checks or deposit funds to or withdraw funds from accounts to which I am a signatory or granting
access to a safe deposit box shall not be hereby revoked, but shall continue to be in full force and effect.
16. Ratification. I hereby ratify and approve any act or failure to act of the Agent in good faith and
any such act done by the Agent at any time, including but not limited to, any act done at any time at
which I am disabled, incompetent or incapacitated or at any time at which there is uncertainty as to
whether I am dead or alive, shall, unless otherwise invalid or unenforceable, have the same effect and
bind me, my guardian, heirs, distributees, legatees, devisees, assignees, and personal representatives to
the same extent as if I had been alive and not disabled, incapacitated, or incompetent at the time of such
act.
17. Protection for Third Parties. Any person or entity acting without negligence and in good faith
in reasonable reliance on this power of attorney shall not incur any liability thereby, nor shall the fact
that time has elapsed since its execution prevent such persons or entity from reasonably relying on this
instrument. Persons and entities shall place reasonable reliance on this power of attorney regardless of
whether it has been filed for record and may request the issuance of an affidavit by the Agent on which
the third party may rely.
18. Governing Law. The laws of the State of Arizona shall govern this power of attorney in all
respects.
I, _____________________________, the principal, sign my name to this Financial Durable
General Power of Attorney this ___ day of _______, 20__, and being first duly sworn, do declare to the
undersigned authority that I sign and execute this instrument as my Power of Attorney and that I sign it
willingly, or willingly direct another to sign for me, that I execute it as my free and voluntary act for the
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purposes expressed in the Financial Durable General Power of Attorney and I declare that I am eighteen
years of age or older, of sound mind and under no constraint or undue influence
________________________________________
Principal
WITNESS: I, _______________________________, the witness, sign my name to the
foregoing Financial Durable General Power of Attorney being first duly sworn and I do declare to the
undersigned authority that the principal has signed and executed this instrument as his/ her power of
attorney and that he/she signed it willingly, and that I, in the presence and hearing of the principal,
signed this power of attorney as a witness to the principal's signing and that to the best of my knowledge
the principal is eighteen years of age or older, of sound mind and under no constraint or undue influence.
Dated: ____________________ ______________________________________
Signature of Witness
_________________________________________
Printed Name of Witness
STATE OF ARIZONA )
) ss.
County of _____________ )
Subscribed, sworn to, and acknowledged before me, the undersigned Notary Public, by
___________________________________, the principal, and subscribed, sworn to, and acknowledged
before me by ________________________, witness, this ____ day of __________, 20__.
_________________________________________
Notary Public
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