Hawaii Financial Power of Attorney Form
FindLaw has partnered with experienced attorneys to create financial power of attorney forms you can complete quickly and easily from the comfort of home. Just follow along with our easy step-by-step process to create a financial power of attorney that is customized to Hawaii’s laws and your unique situation.
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Do I Need a Financial Power of Attorney in Hawaii?
A financial power of attorney document offers protection when the unexpected happens. You may become incapacitated due to an illness or injury, or a work assignment sends you to Japan for two months. In either case, you might need someone on the homefront to pay bills, manage real estate, and manage your bank accounts.
With FindLaw, you can easily create a financial power of attorney.
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Hawaii Financial Power of Attorney Options
Financial Power of Attorney
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How It Works
The process takes less than an hour, and you can complete it from the comfort of your home.
Answer Some Questions
Decide who your agent will be and what authority you want them to have. Then, simply answer a few questions.
Create an Account
Creating an account is easy, quick, and secure. Save your information as you go and return when you have time.
Complete Your Document
Once you answer the relevant questions, we do the hard part and create your unique document.
Print, Sign & Make It Legal
Print and sign your document following the instructions. This may include signing in front of witnesses or a notary.
How To Get a Financial POA in Hawaii
Understand how a POA works in Hawaii
A power of attorney is a legal document where the principal (you) appoints an agent or attorney-in-fact to act on their behalf. In Hawaii, powers of attorney are durable unless stated otherwise. “Durable” means the document remains effective no matter your disability or mental incapacity.
A general power of attorney delegates broad powers to an agent so they can do everything you would typically do. This type of power of attorney is the best way to ensure your affairs continue no matter what happens to you. You can also execute a limited power of attorney, which defines specific powers for an agent or limits power to a single transaction. It is up to you how to define your power of attorney.
If you want to appoint someone to handle health care decisions, you can do that by executing a medical power of attorney.
Pick an agent
Choose your agent carefully. You want someone trustworthy and knowledgeable who looks out for your best interest. Many people choose their spouse, live-in partner, best friend, close family member, or business partner to perform this role. Choose a successor agent, too, in case your primary one cannot perform these duties when you need them.
Assign duties
If you are using a power of attorney as a backup in case anything happens to you, assign broad powers to your agent. If, however, you only want your agent to be able to do specific things, like access your bank accounts, you can make that clear in your form.
Find a notary
State law requires that you sign your power of attorney in front of a notary public. You can find one at the financial institution where you hold your bank accounts or hire a mobile notary to visit you at your home or office. If you hire a law firm, it will have notary publics available on staff to acknowledge your power of attorney.
Provide copies
Once finalized, make copies of your financial power of attorney and provide them to your loved ones, agent, and anyone else affected by it. Store the original in a safe deposit box or locking fireproof cabinet. Let your agent know where you keep the original in case they need it for any reason.
If you decide to revoke your power of attorney, you can do so by executing a new one or signing a revocation of power of attorney form.
You May Want to Speak With a Lawyer if:
- You don’t know who to choose as your agent
- You want to use a POA for Medicaid planning
- You want to discuss which powers you should give your agent
- You want legal review of your completed power of attorney
Ready to get started on your financial power of attorney? It’s free to start.
Create My FormHawaii Financial Power of Attorney FAQ
There are situations where powers of attorney may prove vital. These may include:
- Serving in the armed services
- Being diagnosed with a chronic or terminal medical condition
- Work in hazardous environments due to war, danger, or toxic chemicals
- Short-term assistance with a single transaction, like buying a car or closing on real estate
If you do not have a durable power of attorney, it places your life on hold and leaves personal matters neglected. In mental incapacitation cases, your loved ones may need to pursue a conservatorship to access your assets and manage your affairs. There is no guarantee that the court will choose a conservator you trust. Also, your loved ones will face financial hardship and emotional distress as the court process drags on. A power of attorney is a less expensive option that offers peace of mind.
You can expect to pay a Hawaii estate planning lawyer $200 to $500 an hour to draft a power of attorney and offer legal advice. If you want to reduce this expense but still have an attorney’s help, you can complete our form, and hire an attorney to review it for statutory compliance.
Disclaimer: FindLaw is not a law firm, and the forms are not a substitute for the advice or services of an attorney.
You can find free power of attorney forms online. However, these forms may not have legal authority in Hawaii or be appropriate to your situation. Saving money on a free form could cost you or your loved ones unnecessary legal fees if it cannot work in this state.
A financial power of attorney form is often easy to complete. However, there are circumstances when you should consult with an attorney. If you own a business, face financial conflict in your family, don’t know who to appoint as your agent, or face other circumstances that could complicate your situation, consider working with a lawyer.
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