A New Jersey general power of attorney is a document that allows individuals (referred to as a “principal”) to authorize another person (referred to as an “agent” or “attorney-in-fact”) to handle financial decisions on their behalf. This is a non-durable power of attorney, meaning the agent cannot act on the principal’s behalf should they become unable to make decisions for themselves. In order to revoke a power of attorney, a written notice of revocation must be sent to the acting agent. This document must be signed by the principal, witnessed, and notarized before it becomes legally valid.
Durable Power of Attorney – Allows the agent to continue representing the principal in the event they become incompetent.