Highlight In Legal North Carolina Power Of Attorney Forms For Free

A North Carolina durable power of attorney form allows a person named as ?agent? to act and manage the person's own property and financial matters, while retaining the right to care for the person's health and safety by being able to make decisions in their behalf if the person is incompetent to do so.

In North Carolina, the distinction between Durable and General Power of Attorney is a question of whether your agent can continue making decisions for you if you become incapacitated or incompetent. In other words, if you fall into a coma, a Durable POA continues.

When a power of attorney is used to transfer land or to do business on behalf of a person who has become incapacitated, it must be recorded. As a general rule, however, a power of attorney does not need to be recorded in North Carolina in order to be effective.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

A North Carolina durable power of attorney form allows a person to appoint someone else to make decisions and conduct financial matters on their behalf during their life. The form, unless otherwise stated, is durable, which means it will continue to be valid in the event the principal should become incapacitated.

Signature requirements A financial POA must be signed by the principal, and the signature must be acknowledged before a notary public or another person authorized by law to take acknowledgments.