North Carolina General (Financial) Power of Attorney Form
A North Carolina General (Financial) Power of Attorney Form is used for one central purpose: provide someone with the temporary right to manage your assets and finances. To use the form, the principal (you) just need to speak with family and friends and determine the person that would be willing to act as your “attorney-in-fact” (or “agent”). Ideally, this person should live nearby, understand the intricacies required for handling another person’s business/personal matters, and have an honest and responsible demeanor.
Don’t confuse the form type with the durable POA, which is used for granting similar permissions, but differs in that the contract won’t end if the principal becomes mentally incapacitated. To use the form, the attorney-in-fact just needs to present it to a third party (such as a bank). When signing documents, they need to sign their name, and write “signing on behalf of [principal name]”. When the principal is ready to remove the agent’s powers, they can simply complete a revocation of POA.