Types (6)
Durable Power of Attorney – Expressly permits an agent to represent the principal’s finances before and/or after they become incapacitated.
General (Financial) Power of Attorney – Grants broad and sweeping powers to an attorney-in-fact for powers regarding banking, investments, property, and any other monetary-related items. The non-durable option of the durable (financial) POA.
Health Care (Medical) Power of Attorney – Used for assigning a trusted person to oversee decisions made regarding their health. The document is springing, meaning it goes into effect after the principal is officially stated as incapacitated by a medical professional.
Limited (Special) Power of Attorney – A form that can be used to assign ANY powers to an agent. If none of the eight (8) other POA types apply to what the principal needs, this form should be used.
Minor Child Power of Attorney – Allows a parent or guardian a means of giving a person the right to take care of their children on their behalf while they are away. Commonly used by members of the armed forces while they are on deployment.
Motor Vehicle Power of Attorney (Form MVR-63) – An official document provided by the state. For assigning one-time powers for a car or truck.
Download: PDF
Laws & Signing Requirements
- North Carolina Power of Attorney Laws – Chapter 32C and Chapter 32A, Article 3
- State Definition of Power of Attorney (§ 32C-1-102(9)) – “A writing or other record that grants authority to an agent to act in the place of the Principal, whether or not the term power of attorney is used.”
- Signing Requirements
-
- General / Durable Power of Attorney (§ 32C-1-105) – Must be notarized.
- Advance Directive / Medical Power of Attorney (§ 32A-16(3)) – Signed by 2 witnesses AND notarized.