A Mississippi General Power of Attorney Form is designed to let the Principal give their Attorney-in-Fact broad powers to manage their financial decisions. This includes, but is not limited to, giving gifts, managing investments, depositing or withdrawing from bank accounts and purchasing or selling large scale property such as real estate or automobiles.
A Principal should be exceptionally careful when choosing an Attorney-in-Fact for this kind of agreement, as it comes with the most responsibilities and, unless specified otherwise in the agreement, will go into effect immediately upon being signed. Under Mississippi state law, a Power of Attorney form must be witnessed by at least two (2) people, unrelated to either the Principal or the Attorney-in-Fact. It is not required to be witnessed by a Notary Public however.