Sec. 1. 18-A MRSA §5-506, sub-§(b), as enacted by PL 1991, c. 719, §3, is amended to read:

(b) A durable health care power of attorney executed in this State must be signed by the principal, or another at the principal's direction, and witnessed by 2 individuals other than the designated attorney-in-fact. This section's requirement of 2 witnesses does not render ineffective a durable health care power of attorney validly executed prior to the effective date of this section.

Sec. 2. 18-A MRSA §5-508, sub-§(c), as repealed and replaced by PL 1997, c. 683, Pt. C, §6, is amended to read:

(c) A durable financial power of attorney executed in this State must be notarized by a notary public or an attorney-at-law.

Sec. 3. 18-A MRSA §5-508, sub-§(d), as amended by PL 2003, c. 618, Pt. B, §8 and affected by §20, is further amended to read:

(d) A durable financial power of attorney executed in this State must contain the following language:

"Notice to the Principal: As the "Principal," you are using this Durable Power of Attorney to grant power to another person (called the "Agent" or "Attorney-in-fact") to make decisions about your money, property or both and to use your money, property or both on your behalf. If this written Durable Power of Attorney does not limit the powers that you give your Agent, your Agent will have broad and sweeping powers to sell or otherwise dispose of your property and spend your money without advance notice to you or approval by you. Under this document, your Agent will continue to have these powers after you become incapacitated, and you may also choose to authorize your Agent to use these powers before you become incapacitated. The powers that you give your Agent are explained more fully in the Maine Revised Statutes, Title 18-A, sections 5-501 to 5-508 and in Maine case law. You have the right to revoke or take back this Durable Power of Attorney at any time as long as you are of sound mind. If there is anything about this Durable Power of Attorney that you do not understand, you should ask a lawyer to explain it to you.

Notice to the Agent: As the "Agent" or "Attorney-in-fact," you are given power under this Durable Power of Attorney to make decisions about the money, property or both belonging to the Principal and to spend the Principal's money, property or both on that person's behalf in accordance with the terms of this Durable