A New Jersey durable power of attorney is used to give financial powers to a trusted representative. The individual (“principal”) can choose whether they want the document to go into effect immediately when they sign or only in the event of their incapacitation. The power of attorney will automatically be revoked upon the principal’s death.
A New Jersey durable power of attorney is used to give financial powers to a trusted representative. The individual (“principal”) can choose whether they want the document to go into effect immediately when they sign or only in the event of their incapacitation. The power of attorney will automatically be revoked upon the principal’s death.
The principal’s signature must be acknowledged by a notary public or other authorized officer.[1]
A durable power of attorney is a power of attorney which contains…words showing the intent of the principal that the authority conferred shall be exercisable notwithstanding the principal’s subsequent disability or incapacity…[2]
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