Connecticut's new Uniform Power of Attorney Law is in effect as of October 1, 2016. The law is retroactive, so that its provisions apply to all existing valid Power of Attorney documents.
As the Probate Court's website states:
Changes to the Connecticut Uniform Power of Attorney (POA) Act are designed to make powers of attorney easier to use. One important provision requires banks and other financial institutions to honor a POA document and grants new authority to the Probate Courts to compel these institutions to accept POAs. The act also better protects vulnerable individuals from POA abuses and financial exploitation by providing remedies through the Probate Courts.
“Under the old law, many people were frustrated that they had planned ahead only to have a bank disregard the POA for various reasons, including that it was too old or executed on the wrong form,” Probate Court Administrator Paul J. Knierim said. “By allowing people to seek redress in the Probate Courts, the new law helps families and individuals make their financial arrangements with more confidence.”
Connecticut’s previous law governing POAs was enacted 51 years ago. With the new law, the state joins 17 other states that have adopted the updated POA law.
The Uniform Power of Attorney Act was adopted in Public Act 15-240, set to be effective July 1, 2016. Public Act 16-40 modified the Act, and delayed the effective date from July 1 to October 1, 2016.
For more information and links to new forms, see the Probate Court's New Power of Attorney Law webpage.