A North Dakota general power of attorney is a document that appoints an agent who will be authorized to handle the financial affairs of another individual (the “principal”). This type of arrangement is useful for appointing financial, business, and property managers because it gives the agent the freedom of general authority, allowing them to make decisions and act using their best judgment instead of conferring with the principal.
The principal will determine the powers that the representative will be given and can revoke the power of attorney at any time. Furthermore, they can set a termination date when the arrangement will expire automatically. Although it is not legally required, it is recommended to have the principal’s signature witnessed and notarized.
Durable Power of Attorney – A power of attorney that does not terminate or that becomes effective in the event of the principal’s disability or incapacitation.