What is a Power of Attorney form?

A power of attorney form is the official paper that grants another individual the rights to make decisions regarding financial and property matters, according to the Minnesota Judicial Branch. The person on the form exonerating legal rights is the principal, and the grantee of rights is the attorney-in-fact.

Different power of attorney forms are based on demarcation of power, according to the Office of the Minnesota Attorney General. General power grants all decision-making powers to the attorney-in-fact, and limited power designates certain powers only to the attorney-in-fact. A power of attorney form requires validation by a notary public and must be specific in nature.