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Maryland Statutory Personal Financial Power of Attorney

General property authority, immediate unless special instructions postpone it; co-agents act unanimously unless stated otherwise.

Jurisdiction
Maryland
Purpose
Durable financial
Source / form version
Current Estates and Trusts §17-202 statutory text
Resource format
PDF
Signing
Sign and date before a notary and two adult witnesses; an eligible notary may also serve as one witness under §17-110.
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Sources checked: 2026-11-13. General information, not individual legal advice.

Choose between general and limited forms

The personal financial statutory form grants authority across the subjects described in its text. It is not a simple initial-each-power checklist. Its warning points readers to the separate limited form in §17-203 when they do not want to grant all listed powers. Read the descriptions before deciding which form fits.

Sources: [1] [2] [3]

Agents, successors and compensation

You may appoint one agent or use the co-agent section. The form calls for unanimous co-agent action unless you provide different instructions. Successor appointments help if the original agent cannot serve. Compensation requires an affirmative choice; expense reimbursement and compensation are different concepts. Pay attention to any option allowing agents to appoint future successors.

Sources: [1] [2] [3]

Preserve the statutory execution pages

The current statutory text contains the principal warning, agent information, subject descriptions, special instructions, notarial acknowledgment, and two witness attestations. Keep the entire form together. Maryland permits a qualified notary to count as one witness, but both witness requirements still apply. Discuss acceptance with banks and other institutions before an urgent need arises, especially if you modify the printed text.

Sources: [1] [2] [3]

Common questions

Should I cross out unwanted powers on the general form?

The form directs people seeking fewer powers to the statutory limited form in §17-203. Obtain advice before making changes that may affect statutory-form status.

Sources: [2] [1]

Related forms and guides

Sources and verification

  1. Maryland General Assembly: source and instructions (opens in a new tab)
  2. Signing and legal requirements (opens in a new tab)
  3. Authority and statutory guidance (opens in a new tab)

The complete cited statutory form was checked against this printable edition. All substantive words are preserved; blanks and pagination are reformatted. No independent attorney review is claimed.

The date above records a source check. It does not certify that a form is suitable for your circumstances or that an attorney has reviewed your document. Read the publisher’s current instructions before use.