The California Statutory Power of Attorney is the power of attorney format for the state of California which is with compliance with the California Probate Code Section 4401, the use of this form is when you want to grant someone else the authority to make decisions on your behalf. This does not authorize the attorney-in-fact to make medical and health related decisions for you but it authorizes the agent to make decisions related to your real property, stocks , money etc depending on what scope you have chosen when preparing the form.
How to Fill the California Statutory Power of Attorney Form
The form begins with the full and legal name of the principal or grantor (first, middle, last) along with their complete address and zip code followed by full and legal name of the agent to-be (first, middle, last) along with their complete address and zip code confirming the transfer of power to the agent.
In the next section, there is a list of options mentioned out of which the principal or the grantor needs to choose the sectors in which they would like the agent to represent them. The list includes; Real Property Transactions, Tangible personal property transactions, Stock & Bond Transactions, Commodity and option transactions, Banking and other financial institution transactions, Business operating transactions, Insurance and annuity transactions, Estate, trust, and other beneficiary transactions, Claims & Litigations, Personal and Family Maintenance, Benefits from Social Security, Medicare, Medicaid, or other governmental programs, or military service, Retirement Plan Transactions, Tax Matters and if you wish to allot all the powers aforementioned then choose the last option which says “ALL OF THE POWERS LISTED ABOVE”. If the principal wishes to extend or limit the powers of the attorney then they can do so by listing them down in the field named “special instructions”.
This power shall remain effective till the demise of the principal or if the principal voluntarily revokes or terminates the same and if the principal wishes not to continue this power after they have become incapacitated then they can strike-out the sentence which says “This power of attorney will continue to be effective even though I become incapacitated.” If more than one agent are appointed and the principal wishes to keep them separate then they can do so by stating “Separately” in the blank space after the sentence which says “If I have designated more than one agent, the agents are to act”
Lastly, the document needs to be signed by the principal along with the date and their social security number. This document needs to be notarized by the Notary Public for it to be considered legal. In the end, a notice is given for the principal explaining the transfer of the aforesaid power.