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…”
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.
State Laws & Signing Requirements
Signing Requirements (NRS 162A.220) – General Power of Attorneys in Nevada are required by state law to be signed by the Principal (or by another party they delegate the signing of the form to). At the time of signing, either a Notary Public or another authorized individual must be present.