Updated on October 25th, 2021
A Nevada statutory durable power of attorney allows an individual (the “principal”) to entrust another party with the authority to manage their finances. The chosen representative (the “agent”) will act on the principal’s behalf and handle matters relating to real estate, taxes, financial accounts, business operations, personal property, and anything else allowed by law and included in the power of attorney. This particular form is durable, which means it will not terminate if the principal becomes mentally incapacitated. Unless otherwise specified in the document, the power of attorney goes into effect immediately upon signing.
Agent’s Duties – NRS 162A.310
Laws – Title 13, Chapter 162A §§ 200 – 400 (Power of Attorney – Uniform Act)
Signing Requirements (NRS 162A.220(1)) – Notary Public
Statutory Form – NRS 162A.620
Statute – NRS 162A.040
“Durable,” with respect to a power of attorney, means not terminated by the principal’s incapacity.