Bill > H1598

This bill establishes the Uniform Power of Attorney Act in Massachusetts. The key provisions of the bill include: - Defining important terms like "agent," "power of attorney," and "principal" that are used throughout the act. - Outlining the requirements for creating a valid power of attorney, including requirements for the principal's signature and acknowledgment. - Specifying when a power of attorney becomes effective and how it can be terminated. - Granting agents broad authority to act on behalf of the principal, with some exceptions that require explicit authorization (e.g. making gifts, creating trusts). - Requiring agents to act in the principal's best interest and with reasonable care. - Allowing certain interested parties to petition a court to review an agent's conduct or the power of attorney. - Providing protections for third parties who in good faith accept an acknowledged power of attorney. - Repealing the existing power of attorney provisions in the state's probate code and setting an effective date of June 30, 2022.

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https://malegislature.gov/Bills/192/H1598