Louisiana General Power of Attorney
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A Power of Attorney in Louisiana is also known as a “mandate”. It is a legally binding agreement that gives an individual the authority to act on your behalf. The individual you select to act on your behalf will become known as the “Agent” or “mandatary”. You should only select someone that you trust to fulfill this role. The appointed Agent will be legally permitted to act on your behalf in matters specified by you (the “Principal” or “grantor”), like paying your bills or managing your finances.
Under Louisiana law, Powers of Attorney documents are durable, as in they remain in effect from the date you specify and remain in effect even if you become incapacitated (this is referred to as a “Durable Power of Attorney”). If you do not wish for your Power of Attorney to remain in effect if you are incapacitated, you must specify this desire in your document (this is known as a “Springing Power of Attorney”).
To execute your Power of Attorney, you must sign it in front of a Notary Public and two witnesses (your agent may not serve as a witness).
Once signed and certified by you and the Notary Public, you should make a copy and give it to your agent or agents, and keep the original document in a safe space.
You can also deliver a copy to financial institutions or other places that your agent may need to work with on your behalf.
In Louisiana, there are two types of Power of Attorney:
General Power of Attorney: Can be used to authorize your Agent to handle a variety of financial matters on your behalf (i.e., investments, real estate, payments, etc.)
Limited or Special Power of Attorney: It can be used to authorize your Agent to act on your behalf only in the matters that you specify in the document. (e.g., to complete a specific real estate transaction for a property while you are traveling).
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Do you need a document that temporarily transfers the right to use or manage an apartment, land plot, legal firm, vehicle, and other property? Use this Louisiana General Power of Attorney template.