There are a few important things you need to know before signing a Utah POA. Firstly, you must make sure all the parties involved are legally fit to sign contracts.
To be considered competent to sign a contract, parties must:
If you choose a financial institution as an Agent, they must have trust powers and a registered office in Utah.
Also, there are set rules in place in UT which police how a completed Power of Attorney must be signed and put into action. Utah law dictates in this case that:
The Principal and Agent must both sign the document.
Your signature must be acknowledged by a notary public.
If the Agent(s) will manage real estate for the principal, the form must be registered with the local clerk of the county where the property is situatedwithin 30 days of signing. A UT Real Estate POA must also be notarized.
Utah legislature (§75-9-101) accepted the Universal Power of Attorney Act (UPOAA) in 2016. This means you can use your Power of Attorney in other states that have also adopted this act. Make sure the wording on your document also follows the guidelines of the UPOAA.
Read more about UT Power of Attorneys in the Utah code.