Bill > HB510

This bill, amending the Uniform Power of Attorney Act, creates a process for principals to relieve their agents of 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, transactions, or actions taken on their behalf, but only if the principal (or someone acting on their behalf under their direction) signs or initials 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 later if they become incapacitated. This waiver provision requires the principal's signature to be notarized if it's added after the initial power of attorney was created.

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https://lis.virginia.gov/bill-details/20261/HB510