arrow
Home
Power of Attorney
General POA
New Jersey General (Financial) Power of Attorney

New Jersey General (Financial) Power of Attorney

ads1

A general power of attorney in New Jersey is a legal document that enables one individual (the principal) to authorize another person (the agent) to manage their financial affairs. Unlike a durable power of attorney, this type of agreement terminates if the principal is deemed incapacitated.

Download PDF
4.6 (382 Votes)
8,097 Downloads

Signing Requirements

Notary public.

Laws

Durable - A power of attorney is durable if it contains the words "this power of attorney shall not be affected by subsequent disability or incapacity of the principal, or lapse of time," or "this power of attorney shall become effective upon the disability or incapacity of the principal," or similar words showing the intent of the principal that the power of attorney is durable.<a class="source-url" href="#source-url1">[1]</a>

Incapacity - or "disability," unless otherwise defined within the POA, means that a person is unable to manage his or her property and affairs effectively.<a class="source-url" href="#source-url2">[2]</a>

Signing Requirements - The Principal and one Witness must sign and the document must be notarized.<a class="source-url" href="#source-url3">[3]</a>

ads2

Notice

The information and templates provided on this website are for general informational purposes only and are not a substitute for professional legal advice. While we strive to offer accurate and up-to-date forms, the legal landscape is complex and varies by jurisdiction. We strongly recommend that you consult with a qualified attorney for specific legal issues or questions. Using our templates does not create an attorney-client relationship, and we are not responsible for any actions taken based on the information provided here.