North Carolina Durable Power of Attorney Form
The North Carolina Durable Power of Attorney (POA) is a form that allows a person to empower another person with the authority to make and supervise decisions pertaining to their finances. The document’s power only goes into effect upon signing, or when the principal is diagnosed as mentally incompetent. It’s this ability for the form to endure in the event of the principal’s incapacity that is a defining feature of the document. The form’s closest match is the general POA, which is also used for giving a person with finance-related powers (with the exception it expires upon incapacitation).
Should the principal need to remove their agent’s powers, they can do so by completing a revocation form. A physical copy of the document needs to be provided to everyone that originally received a copy of the POA in order for it to be officially terminated. Keep in mind, however, that the power of attorney can’t be terminated by the principal if they were formally declared as mentally incompetent by a physician.
Laws: § 32C-1-104
Signing requirements (§ 32C-1-105) – Once all sections have been completed, the principal will need to have their signed name notarized.