A power of attorney (POA) is a legal document used to confer some of the powers of the principal (one who draws the POA) onto the agent (in whose name the POA is drawn). The POA can be drawn for different purposes, such as health, finance, and real estate. However, a POA stands null and void in case the principal becomes incapacitated. In such a scenario, a durable power of attorney is drawn.
The following is a list of critical components that must be included in the form:
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- Details of the principal and attorney-in-fact.
- Responsibilities to be carried out by the agent.
- Limitations on the agent's rights.
- Conditions under which the right may be revoked
With a power of attorney form NC template, you can prepare for unprecedented times in your life.
Enjoy the sense of satisfaction when you are incompetent to make decisions. Download our exclusive North Carolina power of attorney form template and appoint a representative to make decisions on your behalf.
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What Is North Carolina Durable Power of Attorney?
A durable power of attorney NC (DPOA) is one that remains effective even when the principal is not of sound body and health. In North Carolina, under G.S. §32A-8, a DPOA must contain any of the following statements:
- This power of attorney shall not be affected by the principal’s subsequent incapacity or mental incompetence
- This power of attorney shall become effective after the principal becomes incapacitated or mentally incompetent
- Or a similar statement to demonstrate the principal’s purpose that the powers granted under DPOA will be effective even if s/he is rendered incompetent
How Does The North Carolina Durable Power of Attorney Work?
Filling up a North Carolina power of attorney form will help you in determining what powers you want the agent to have. The form lists down all the necessary information for both the principal and the agent and any future third party.
DPOA can be general or very specific. A general DPOA grants a blanket authority to the agent, allowing the agent to take any legal or financial decision on your behalf. In the special DPOA, the principal lists down the power/s s/he wants the agent to have.
With a power of attorney form NC template, you can prepare for unprecedented times in your life.
Enjoy the sense of satisfaction when you are incompetent to make decisions. Download our exclusive North Carolina power of attorney form template and appoint a representative to make decisions on your behalf.
Click here to download the template.
Who Needs a North Carolina Durable Power of Attorney?
Having a North Carolina durable power of attorney can be very useful when due to an accident or mishap, you suddenly become incapacitated. In that case, to get your guardianship, your kin may have to go through a tiresome and expensive legal process.
Having a DPOA drawn beforehand will allow you to choose a trustworthy and able individual to act as your agent. A DPOA can come in effect immediately should you become debilitated.
FAQs
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What are the requirements for the principal to create a DPOA?
To formulate a NC durable power of attorney, a principal must have a clear understanding of the powers that are being granted to the agent. If in case, the principal lacks the required mental capacity, then the DPOA cannot be drawn.
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What powers can be granted to the agent under DPOA?
Under the North Carolina law, the principal can confer any of the following powers onto the agent:
- Financial transactions
- Social security benefits
- Charitable gifts
- Tax matters
- Real estate transactions
- Personal affairs
- Unemployment benefits
- Military benefits
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Can an agent sell or rent out the property belonging to the principal?
Yes. Under DPOA, an agent can sell/rent/lease any real estate, for any term, on behalf of the principal.
If you are planning to create a DPOA or any other kind of Power of Attorney, visit CocoSign and download the printable durable power of attorney form NC. CocoSign has a range of templates for NC durable power of attorney form for you to check out.
DOCUMENT PREVIEW
NORTH CAROLINA
STATUTORY SHORT FORM POWER OF ATTORNEY
NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. THEY ARE DEFINED IN CHAPTER 32C OF THE NORTH CAROLINA GENERAL STATUTES, WHICH EXPRESSLY PERMITS THE USE OF ANY OTHER OR DIFFERENT FORM OF POWER OF ATTORNEY DESIRED BY THE PARTIES CONCERNED.
IMPORTANT INFORMATION
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the North Carolina Uniform Power of Attorney Act.
This power of attorney does not authorize the agent to make health-care decisions for you.
You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent's authority will continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you.
Your agent is entitled to reasonable compensation unless you state otherwise in the Additional Provisions and Exclusions.
This form provides for designation of one agent, a successor agent, and a second successor agent. If you wish to name more than one agent, successor agent, and second successor agent, you may name a coagent, successor coagent, or second successor coagent in the Additional Provisions and Exclusions. Coagents, successor coagents, or second successor coagents are not required to act together unless you include that requirement in the Additional Provisions and Exclusions.
If your agent is unable or unwilling to act for you, your power of attorney will end unless you have named a successor agent. You may also name a second successor agent.
This power of attorney becomes effective immediately.
If you have questions about the power of attorney or the authority you are granting to your agent, you should seek legal advice before signing this form.
DESIGNATION OF AGENT
I, ___________________________________________, name the following person as my agent:
(Name of Principal)
Name of Agent: ____________________________________________________________
DESIGNATION OF SUCCESSOR AGENT(S)
(OPTIONAL)
If my agent is unable or unwilling to act for me, I name as my successor agent:
Name of Successor Agent: ______________________________________________________
If my successor agent is unable or unwilling to act for me, I name as my second successor agent:
Name of Second Successor Agent: ________________________________________________
INITIAL below if you want to give an agent the power to name a successor agent.
(____) I give to my acting agent the full power to appoint another to act as my agent, and full power to revoke such appointment, if no agent named by me above is willing or able to act.
GRANT OF GENERAL AUTHORITY
I grant my agent and any successor agent general authority to act for me with respect to the following subjects as defined in the North Carolina Uniform Power of Attorney Act, Chapter 32C of the General Statutes:
(INITIAL each subject you want to include in the agent's general authority. If you wish to grant general authority over all of the subjects you may initial "All Preceding Subjects" instead of initialing each subject.)
(____) Real Property
(____) Tangible Personal Property
(____) Stocks and Bonds
(____) Commodities and Options
(____) Banks and Other Financial Institutions
(____) Operation of Entity
(____) Insurance and Annuities
(____) Estates, Trusts, and Other Beneficial Interests
(____) Claims and Litigation
(____) Personal and Family Maintenance
(____) Benefits from Governmental Programs or Civil or Military Service
(____) Retirement Plans
(____) Taxes
(____) All Preceding Subjects
GRANT OF SPECIFIC AUTHORITY
(OPTIONAL)
My agent MAY NOT do any of the following specific acts for me UNLESS I have INITIALED the specific authority listed below:
(CAUTION: Granting any of the following will give your agent the authority to take actions that could significantly reduce your property or change how your property is distributed at your death. INITIAL ONLY the specific authority you WANT to give your agent.)
(____) Make a gift, subject to the limitations provided in G.S. 32C-2-217
(____) Create or change rights of survivorship
(____) Create or change a beneficiary designation
(____) Authorize another person to exercise the authority granted under this power of attorney
(____) Waive my right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement plan
(____) Exercise fiduciary powers that I have authority to delegate
(____) Disclaim or refuse an interest in property, including a power of appointment
(____) Access the content of electronic communications