Elizabeth New Jersey Poder general duradero para la propiedad y las finanzas o efectivo financiero en caso de incapacidad - New Jersey General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

• Category: New Jersey Poder Notarial - General - Alaska
• State: New Jersey
• City: Elizabeth
• Control #: NJ-P003
• Format: Word

Description

This General Durable Power of Attorney for Property and Finances Effective upon Disability form is a general, durable power of attorney which is effective ONLY upon the principal's disability, incompetency or incapacity. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services. Elizabeth New Jersey General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability is a legally binding document that grants authority to an individual (known as the "agent" or "attorney-in-fact") to make financial and property-related decisions on behalf of another person, referred to as the "principal." This power of attorney is specifically designed to remain in effect even if the principal becomes disabled or incapacitated. This document holds paramount importance as it ensures that the principal's financial affairs can be managed smoothly and efficiently in the event of their disability. The agent appointed in the power of attorney has the power to handle a wide range of financial matters on behalf of the principal, including but not limited to: 1. Managing bank accounts: The agent can access and manage the principal's bank accounts, which includes making deposits, withdrawing funds, paying bills, managing investments, and dealing with any financial institutions. 2. Managing investments: The agent can make investment decisions, buy or sell stocks, bonds, and other assets, and manage the principal's portfolio. 3. Paying bills: The agent can pay the principal's bills, such as mortgage payments, utility bills, credit card bills, and other regular expenses. 4. Managing real estate: The agent can buy, sell, or manage real estate properties on behalf of the principal. This includes signing lease agreements, handling property maintenance and repairs, and dealing with rental income. 5. Filing taxes: The agent can prepare and file tax returns, respond to tax-related matters, and represent the principal before tax authorities when necessary. 6. Managing insurance policies: The agent can handle insurance matters, including filing claims, making changes to policies, and ensuring premiums are paid. 7. Conducting business transactions: If the principal owns a business, the agent can manage its day-to-day operations, handle contracts, and make financial decisions related to the business. 8. Making gifts: Depending on the specific provisions outlined in the Power of Attorney document, the agent may have the authority to make gifts to family members or charitable organizations on behalf of the principal. It is important to note that there might be variations of the General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability specific to Elizabeth, New Jersey. These variations could include different language requirements, specific forms, or additional clauses based on state laws or individual preferences. It is advisable to consult with an attorney or legal professional to ensure compliance with the local laws and address any specific requirements.

Elizabeth New Jersey General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability is a legally binding document that grants authority to an individual (known as the "agent" or "attorney-in-fact") to make financial and property-related decisions on behalf of another person, referred to as the "principal." This power of attorney is specifically designed to remain in effect even if the principal becomes disabled or incapacitated. This document holds paramount importance as it ensures that the principal's financial affairs can be managed smoothly and efficiently in the event of their disability. The agent appointed in the power of attorney has the power to handle a wide range of financial matters on behalf of the principal, including but not limited to: 1. Managing bank accounts: The agent can access and manage the principal's bank accounts, which includes making deposits, withdrawing funds, paying bills, managing investments, and dealing with any financial institutions. 2. Managing investments: The agent can make investment decisions, buy or sell stocks, bonds, and other assets, and manage the principal's portfolio. 3. Paying bills: The agent can pay the principal's bills, such as mortgage payments, utility bills, credit card bills, and other regular expenses. 4. Managing real estate: The agent can buy, sell, or manage real estate properties on behalf of the principal. This includes signing lease agreements, handling property maintenance and repairs, and dealing with rental income. 5. Filing taxes: The agent can prepare and file tax returns, respond to tax-related matters, and represent the principal before tax authorities when necessary. 6. Managing insurance policies: The agent can handle insurance matters, including filing claims, making changes to policies, and ensuring premiums are paid. 7. Conducting business transactions: If the principal owns a business, the agent can manage its day-to-day operations, handle contracts, and make financial decisions related to the business. 8. Making gifts: Depending on the specific provisions outlined in the Power of Attorney document, the agent may have the authority to make gifts to family members or charitable organizations on behalf of the principal. It is important to note that there might be variations of the General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability specific to Elizabeth, New Jersey. These variations could include different language requirements, specific forms, or additional clauses based on state laws or individual preferences. It is advisable to consult with an attorney or legal professional to ensure compliance with the local laws and address any specific requirements.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.