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Especially as between a husband and wife or a parent and adult child, the law does not delegate legal decision making in favor of a spouse or child in the absence of a written power of attorney, guardianship or conservatorship.

In New Jersey, a durable power of attorney for finances is considered legally valid when it has been signed by the principal in the presence of a notary public. While not required by law, the document should also be signed by two witnesses who can attest to the sound mind of the principal at the time of signing.

Durable Power of Attorney This is sometimes used with elderly individuals preparing for the onset of Alzheimer's or other debilitating diseases and gives a child broad leverage to manage their affairs even after they become incompetent. A durable power of attorney ends only upon the death of the principle.

What does it normally cost to get a Power of Attorney form in New Jersey? The fees associated with hiring and working with a lawyer to draft a Power of Attorney might range between $200 and $500.

You can write a POA in two forms: general or limited. A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.

For your POA to be valid in New Jersey, it must meet certain requirements. Mental Capacity for Creating a POA. ... Notarization. ... Create the POA Using a Form, Software or an Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact.