North Carolina General (Financial) Power of Attorney Form
The North Carolina General (Financial) Power of Attorney Short Form is a contract designed to make establishing a non-durable Power of Attorney that as straightforward as possible. An individual (referred to as the Principal) can simply mark, via their initials, the acts they wish the Attorney-in-Fact they nominate to complete on their behalf. For example, the Principal can authorize the Attorney-in-Fact to attend to such areas as real property transactions, banking transactions, and insurance transactions.
In line with the general terms of this contract, the contract will cease to be valid if the Principal becomes medically incapacitated. If the Principal does not want this to occur, they make take advantage of the option to complete a Durable Power of Attorney instead.
State Laws & Signing Requirements
State Laws – North Carolina Uniform Power of Attorney Act
Signing Requirements (§ 32C-1-105) – State law mandates that a Power of Attorney must be:
- Signed by the Principal (or by another individual they direct to sign the form on their behalf, so long as this is completed their conscious presence), and
- Acknowledged before a Notary Public or another individual legally authorized to take lawful acknowledgements.