
New Jersey General (Financial) Power of Attorney
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.
Signing Requirements
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>