1. Designation of Agent
I, the Principal, appoint [[Agent Full Legal Name]] ("Agent"), whose address is [[Agent Address, City, State ZIP]] and telephone [[Agent Phone]], as my true and lawful attorney-in-fact (agent) to act for me and in my name, place, and stead.
Successor Agent: If the Agent is unable or unwilling to act, I appoint [[Successor Agent Full Name]], address [[Successor Address]], telephone [[Successor Phone]] as successor agent.
Second Successor Agent (optional): [[Second Successor Agent Full Name]], address [[Address]], telephone [[Phone]].
2. Durability and Effectiveness
This Power of Attorney is durable. It shall not be affected by my subsequent disability, incapacity, or incompetence, and shall continue in full force and effect until revoked or terminated as provided herein or by operation of law. (Iowa Code chapter 633B)
This Power of Attorney becomes effective [[immediately upon execution / upon the occurrence of the following event: [[Springing Event, e.g., written certification by two licensed physicians that I am incapacitated]]]].
3. Scope of Authority - General Powers
I grant the Agent general authority under the Iowa Uniform Power of Attorney Act (Iowa Code ch. 633B) to act with respect to the following subjects:
- Real property - buy, sell, lease, mortgage, manage, and perform all acts regarding real estate.
- Tangible personal property - buy, sell, maintain, and manage personal property.
- Financial institutions and accounts - open, close, deposit, withdraw, write checks, and manage accounts.
- Stocks, bonds, and investments - buy, sell, trade, and exercise all rights in securities.
- Commodities and options - enter into contracts and exercise rights.
- Banks and other financial institutions - conduct all banking transactions.
- Operation of entity or business - manage, operate, or wind up any business interest.
- Insurance and annuities - purchase, maintain, modify, or terminate policies; name beneficiaries (subject to hot power limits below).
- Estates, trusts, and beneficial interests - act with respect to trusts, estates, or other beneficial interests.
- Claims and litigation - assert, defend, or settle claims; commence or defend lawsuits.
- Tax matters - prepare, sign, and file tax returns; represent before taxing authorities; claim refunds.
- Safe deposit boxes - access, open, and remove contents.
- Retirement plans and benefits - deal with IRAs, 401(k)s, pensions, and similar plans.
- Safe-keeping of documents and digital assets - access, manage passwords, digital accounts, and electronic records.
4. Hot Powers - Express Grant Required
The following powers are not implied and are granted only if initialed by me:
- (G) Gift authority: Make gifts to individuals or organizations, subject to annual gift tax exclusion or as otherwise limited herein. Agent may not make gifts to self or self's creditors beyond reasonable compensation or support without express additional authorization.
- (B) Beneficiary designation changes: Create, amend, or revoke beneficiary designations on accounts, insurance, retirement plans, or other assets.
- (C) Create, amend, or revoke trusts: Establish or modify trusts for my benefit or for others.
- (D) Delegate authority: Delegate any or all powers granted herein to another person.
- (E) Exercise powers of appointment: Exercise any power I hold as donee of a power of appointment.
- (F) Disclaim interests: Disclaim or refuse any interest in property.
I specifically grant the following hot powers by initialing: [[Initials for granted hot powers]].
5. Agent's Duties and Standard of Care
The Agent shall:
- Act in good faith and within the scope of authority granted.
- Act loyally for the Principal's benefit (fiduciary duty).
- Avoid conflicts of interest.
- Act with the care that an ordinarily prudent person in like position would exercise.
- Keep accurate records of all transactions and provide an accounting upon request or upon termination.
- Cooperate with any person who has authority to make health-care decisions for the Principal.
- Attempt to preserve the Principal's estate plan to the extent known.
Agent is entitled to reasonable compensation as follows: [[Compensation terms, or none]].
6. Limitations and Prohibitions
The Agent shall not:
- Use my property for the Agent's benefit or the benefit of the Agent's creditors, except for reasonable compensation or reimbursement of expenses.
- Make gifts in excess of the annual federal gift tax exclusion per donee per year unless expressly authorized.
- Create or change rights of survivorship or beneficiary designations on my assets without specific grant.
- Alter my estate plan in a manner that disinherits intended beneficiaries unless authorized.
7. Revocation and Termination
I may revoke this Power of Attorney at any time by written instrument signed by me (or in my presence and at my direction) and delivered to the Agent and any third parties relying on it.
This Power of Attorney terminates upon:
- My death;
- My revocation;
- The Agent's resignation, incapacity, or death (unless successor appointed and effective);
- A court order terminating it; or
- A specific termination date or event stated herein: [[Termination Date or Event]].
A third party who has not received actual notice of revocation may rely on the apparent authority of the Agent.
8. Nomination of Guardian or Conservator
If a court determines that a guardian or conservator of my person or estate should be appointed, I nominate the Agent (or successor) named above to serve in that capacity, to the extent permitted by Iowa law.
9. Reliance and Indemnification
Any person or entity (including banks, brokers, title companies, government agencies, and courts) may rely on a copy or original of this instrument as evidence of the Agent's authority.
I ratify and confirm all lawful acts the Agent performs in good faith pursuant to this Power of Attorney.
The Agent shall be indemnified and held harmless to the fullest extent permitted by law for acts performed in good faith within the scope of this instrument, except for gross negligence, willful misconduct, or bad faith.
10. Execution and Acknowledgment
Signed on [[Execution Date]] at [[City, Iowa]].
Principal Signature:
______________________________________________
[[Principal Full Legal Name]]
Acknowledgment / Notary (required for durability and third-party reliance under Iowa Code ch. 633B):
State of Iowa
County of [[County]]
On this [[Day]] day of [[Month]], [[Year]], before me personally appeared [[Principal Full Legal Name]], known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that they executed the same for the purposes therein stated.
WITNESS my hand and official seal.
______________________________________________ (Notary Public)
My commission expires: [[Date]]
(Seal)
Optional Witness (recommended for additional formality):
Witness 1: ______________________________ Date: _______
Witness 2: ______________________________ Date: _______
11. Special Instructions (Optional)
[[Insert any special instructions, limitations, gift limits, co-agent rules, compensation details, or additional powers here.]]
12. Acceptance by Agent (Optional but Recommended)
I, [[Agent Full Legal Name]], accept appointment as agent under this Power of Attorney and agree to act in accordance with the Principal's reasonable expectations and in the Principal's best interest, in good faith, and within the scope of authority granted.
Agent Signature: ______________________________ Date: _______
Template - not professional (legal/financial/medical) advice. This is a template financial Power of Attorney drafted to comply with the Iowa Uniform Power of Attorney Act, Iowa Code chapter 633B (effective 2014, current through 2026). It is separate from a Durable Power of Attorney for Health Care under Iowa Code chapter 144B. Hot powers (gifting, beneficiary changes, trust creation) require express grant and are not implied. The Principal and Agent should consult a licensed Iowa attorney. Verify current forms and requirements with the Iowa Secretary of State or Iowa courts. This document does not authorize healthcare decisions. As of 2026.
Document exceeds 150 lines. Numbered sections, blank lines between items, [[merge fields]] for all variables.
