NEW Research Tips and New Resources: November 3, 2011
People have been asking questions regarding the new Uniform Power of Attorney Act and about Power of Attorney forms. The Legislature adopted the Uniform Power of Attorney Act (UPAA), MCA 72-31-301 et seq. http://data.opi.mt.gov/bills/mca_toc/72_31_3.htm during the past session replacing the earlier Statutory Form Power of Attorney Act, MCA 72-31-201 et seq, http://data.opi.mt.gov/bills/2009/mca_toc/72_31_2.htm . The bill, which went into effect 10/1/2011, had support from a broad group of organizations such as AARP, Disability Rights Montana, financial institutions and governmental agencies. It was seen as a significant step forward to protect the rights and property of an incapacitated principal.
Highlights of the UPAA are that a Power of Attorney (PoA) is durable, unless otherwise stated; there are standards of agent conduct and liability as well as remedies and sanctions for the abuse by the agent; as well as provisions for putting a PoA into effect upon the occurrence of specified events. Another group of changes focus on protecting those people who rely upon a PoA and remedies or sanctions against those who refuse to honor a PoA. Montana is among the first group of states to adopt the UPAA . For background information about the uniform law, see commentary from the Uniform Law Commission, http://www.nccusl.org/Act.aspx?title=Power of Attorney .
There is a new MontGuide about the UPAA authored by Marsha Goetting of the Montana State University Extension Service http://www.msuextension.org/publications/FamilyFinancialManagement/MT199001HR.pdf . Accompanying the information are forms to prepare a simple Power of Attorney, http://www.montana.edu/estateplanning/powerofattorneyform.pdf and http://www.montana.edu/estateplanning/agentcertification.pdf . These fillable PDF forms comply with the requirements of MCA 72-31-353, http://data.opi.mt.gov/bills/mca/72/31/72-31-353.htm .
