initialing the block for “all preceding
subjects”), since the specific authority
powers could ultimately be utilized to
benefit the agent, it will likely be nec-
essary to explain the consequences to
the principal of granting each specific
power. The principal can then make an
informed decision as to whether such
powers should be granted to the agent.
In addition, the Act provides that unless
the POA states otherwise, the granting
of the specific authority powers will
not apply to give such powers to an
agent who is not an ancestor, spouse,
or descendant of the principal.
The new statutory form must be signed
by the principal in the presence of one
of more competent witnesses and a
notary. It is hoped that this execution
procedure will minimize abuse, since
it will require all signing parties to be
in the presence of each other at the
time of execution. It should be noted
that the Act does not require the POA
t