Bill > H1523

This bill establishes the Uniform Power of Attorney Act in Massachusetts. The key provisions of the bill include: - Defining important terms related to power of attorney, such as "agent," "principal," "durable," and "incapacity." - Specifying when a power of attorney is valid, including requirements for execution and rules for out-of-state powers of attorney. - Outlining the duties and responsibilities of an agent, including acting in the principal's best interests, keeping records, and avoiding conflicts of interest. - Providing a process for the court to review an agent's conduct and grant appropriate relief. - Specifying the types of authority an agent may have, such as managing real estate, financial accounts, retirement plans, taxes, and making gifts. - Requiring third parties to generally accept a valid power of attorney within a certain timeframe, with some exceptions. - Repealing the existing Durable Power of Attorney Act in Massachusetts and taking effect on June 30, 2022.

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https://malegislature.gov/Bills/193/H1523