A North Carolina statutory durable power of attorney authorizes an agent to act and make decisions on behalf of another party. In the case of a durable power of attorney, the agent will represent the principal (the assignor of power) by handling their financial affairs which can include bill payments, real estate management, bank accounts, insurance benefits, and taxes. The principal should select an agent they trust, as the authority granted to the individual will remain effective even if the principal becomes mentally incapacitated.
Agent’s Duties – § 32C-1-114
Signing Requirements (§ 32C-1-105) – Notary Public
Statutory Form – § 32C-3-301
Statute – § 32C-1-102(2)
Durable. – With respect to a power of attorney, the incapacity of the principal does not terminate the power of attorney.