North Carolina General Power of Attorney for Property

State:
Multi-State
Control #:
US-04099BG-2
Format:
Word; 
Rich Text
Instant download

Description

Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
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How to fill out General Power Of Attorney For Property?

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FAQ

You must be at least 18 years of age, mentally competent, and have capacity when the durable power of attorney is signed. North Carolina law states that a durable power of attorney must be registered at your local county office of the register of deeds to be effective after your incapacity.

If a person wants to authorise someone to act as a power of attorney on his behalf, it must be signed and notarised by a certified notary advocate, who is able to declare that you are competent at the time of signing the document to issue the said power of attorney.

Difference Between General And Special Power Of Attorney A General power of Attorney is very much different from a Special power of Attorney. The GPA always confers a general power of performing while the Special power of Attorney confers only a specific power to perform any particular act or task.

A. A power of attorney must always be signed in front of a notary public. If you wish, it can be recorded at the county register of deeds office in North Carolina where it is to be used.

A power of attorney must be (i) signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney and (ii) acknowledged.

A power of attorney can be created without legal assistance and almost free of charge. In fact, one can find a free POA form online and simply print it and fill it out. One can also have a POA created online for as little as $35.

Here are the basic steps to help a parent or loved one make their power of attorney, and name you as their agent:Help the grantor decide which type of POA to create.Decide on a durable or non-durable POA.Discuss what authority the grantor wants to give the agent.Get the correct power of attorney form.More items...?

A. A power of attorney must always be signed in front of a notary public. If you wish, it can be recorded at the county register of deeds office in North Carolina where it is to be used.

A General Power of Attorney can only be used with regard to your property and financial affairs. It cannot be used to authorise someone to make decisions concerning your personal welfare (this is not the case with a Lasting Power of Attorney, Health & Welfare).

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North Carolina General Power of Attorney for Property