Nevada General (Financial) Power of Attorney Form
The Nevada General (Financial) Power of Attorney (POA) is a legal contract that will delegate authority from a Principal to an Agent, of which will be terminated upon the Principal’s incapacity. These terms are defined by state law as follows:
- “Agent” – “A person granted authority to act for a Principal under a POA…”
- “Principal” – “An individual who grants authority to an Agent in a POA.”
- “Incapacity” – “The inability of an individual to manage property or business affairs…”
Signing requirements (NRS 162A.220) – Principal’s signature must be notarized.
State law specifies a range of conditions in which an individual will be deemed “incapacitated” in the eyes of the law. Namely, because the individual is:
- Suffering from an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of technological assistance, or
- Detained, including incarcerated in a penal system, or
- Outside the U.S and unable to return.