My cousin is taking over the financials for our Grandmother. She has already said she agreed he could and she and I have DPOA with me allowed to add another person on POA. Do I need to have it notarized again, or am I able to just add his name? We are located in Oregon. Thanks!
You are a POA. You can hire people to act in any capacity for your Grandmother. The document you have as your POA should enumerate EXACTLY what you can do in clear language.
Since this is a legal Fiduciary responsibility I would, if you are uncertain, always run things past an attorney. Your Grandmother's funds pay for her POA to be informed.
In fact, if she doesn't have one, she should have a trust and estate attorney put together a complete estate plan. This is if she is competent. If she is not, and competency is not a black and white situation, consult an elder law attorney.
To get back to your question about notarizing a POA. Laws vary from state to state. Colorado does not require it. However, it is considered best practice to do so. Check out Oregon's law on the matter.
In our family situation, two POAs became a very sad problem.
I’m sure others will say more.
However unless State laws require it, it doesn't need to be done in the presence of a notary public, just witnessed. If there is any question about grandmother's legal capacity, then yes it is a very good idea to have it done in the presence of a lawyer, who should make a decent estimate of her mental abilities.