Lousiana 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 Louisiana’s laws and your unique situation.
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Do I Really Need a Financial Power of Attorney?
A financial power of attorney is an excellent precaution in case you become incapacitated. If you cannot manage your financial affairs on your own, your loved ones usually have to pursue a conservatorship or other fiduciary arrangement. The process takes a long time and often incurs considerable legal fees. Meanwhile, a power of attorney takes less time and offers the same reassurance without high costs.
Some situations make a power of attorney especially necessary. If you face any of these higher-risk circumstances, you should prioritize creating a power of attorney:
- Chronic or terminal medical condition
- Service in the armed forces
- Risky line of work that includes hazardous conditions or exposure to toxins
- Frequent travel abroad for work or personal matters.
FindLaw provides everything you need to make your financial power of attorney.
Louisiana 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 Lousiana Financial POA
Understand how a POA (“mandate”) works in Louisiana
A power of attorney in Louisiana is customarily called a mandate. It is a written document that authorizes another person to transact affairs on behalf of a principal. The person you appoint to act on your behalf is the fiduciary. You may also hear them called an agent or attorney-in-fact. (This article uses mandate and power of attorney interchangeably.)
Mandates focus on financial powers, meaning the authority to make bank deposits, transfer funds to retirement accounts and cash checks. The assumption is that the fiduciary will act in good faith: They will be honest in their dealings or face legal consequences. Like other powers of attorney, you can make your mandate as limited or broad as needed.
Power of attorney or mandate forms are usually durable, meaning they remain in effect regardless of the principal’s disability or lack of mental capacity. The question of whether a power of attorney remains effective after disability does not frequently arise in Louisiana, so it is likely best to assume that your mandate remains effective even if you are incapacitated.
There are other types of power of attorney in Louisiana. If you are a service member, you can use a federal military power of attorney or the forms we provide.
Choose your fiduciary
Your fiduciary (agent or attorney-in-fact) should be someone trustworthy who understands your daily affairs. Many people choose a spouse, live-in partner, family member, or business partner to fulfill this role. Choose a successor fiduciary, too, in case your primary choice is unable to serve in the future.
Hire a notary public
Once you find witnesses, hire a notary public to acknowledge your power of attorney or mandate. Since you have to coordinate schedules between the witnesses and the notary, the easiest solution is to hire a mobile notary who can visit your home or office. If an attorney drafts your power of attorney, there will be a notary public on staff to fulfill this requirement.
Sign the mandate
Store the original power of attorney in a safe deposit box or fireproof locked filing cabinet. Make copies and provide them to your fiduciary, loved ones, and anyone else affected by its contents. You also need to give a copy to your financial institution, so your fiduciary can manage your bank accounts.
If you decide to revoke a power of attorney, you need to sign a revocation of power of attorney form and provide it to your financial institution. Otherwise, your former fiduciary will still have access to your accounts.
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 Form
Lousiana Financial Power of Attorney FAQ
A Louisiana estate planning attorney will likely charge $100 to $300 an hour to draft a power of attorney (or mandate) and offer legal advice. Our forms are only $35.
FindLaw is not a law firm, and the forms are not a substitute for the advice or services of an attorney. If you wish to work with a lawyer but reduce the cost, you can start by creating a form on your own. Then, you can hire an attorney to review it at a reduced rate.
You can find free power of attorney forms online. However, there is a substantial risk when it comes to these forms. Louisiana operates on a different code system than the rest of the United States. Forms that work in other states will likely fail legal scrutiny under Louisiana state law. There is a good chance that free forms will not meet legal requirements.
Louisiana is different from other states, and there is a risk if you do not hire a lawyer to at least review a completed form from most sources. Common online forms that work for other states do not work in this one. Our forms are tailored to Louisiana law. Most people do not need a lawyer to complete a simple financial power of attorney through our service.*
There are situations, however, where you should consider working with a lawyer, including:
- There is financial conflict in your family
- You would like an attorney to act as your agent
- You own a business
- You want to use a POA for Medicaid planning
- You want an attorney to review your completed document
FindLaw offers the largest attorney directory in the nation. If you’d like to talk to a lawyer about your financial power of attorney, visit our directory to find an experienced lawyer near you.
*FindLaw is not a law firm, and the forms are not a substitute for the advice or services of an attorney.
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