Bill > HB510

This bill, amending the Uniform Power of Attorney Act, introduces a new provision that allows a principal, the person granting power, to relieve their agent, the person receiving power, from certain disclosure duties. Specifically, for powers of attorney created on or after July 1, 2026, a principal can waive the agent's obligation to disclose receipts, disbursements, or transactions if they sign or initial an express statement in the power of attorney acknowledging they understand this waiver and that it reflects their wishes, even if it's not in their best interest if they later become incapacitated. This waiver requires the principal's signature to be notarized if it's added after the initial power of attorney is created.