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The North Carolina General (Financial) Power of Attorney executes a reported arrangement designating an elected attorney-in-fact to receive indicated controls for the purpose of manage another’s financial affairs. The general POA is designed to grant broad sweeping powers as defined in the contract on a temporary basis. Unlike a “durable” POA agreement, the commitment will terminate under circumstances where the issuing principal is deemed incapacitated. Selections regarding the categorized powers granted can be determined by the declaring party and denoted within the document as needed. Once the form has been filled according to the principal’s specifications, it can be signed before a supervising notary to ensure the authentication of the event as prescribed by North Carolina General Statutes § 32C-1-105.

Laws

Statute – North Carolina General Statutes – Chapter 32C – Uniform Power of Attorney Act (§ 32C-1-101 – 32C-4-403)

Definition – “Power of Attorney”- A writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used (§ 32C-1-102(9)).

Signing Requirements – A notary professional must be on-site to oversee and confirm all required signatures (§ 32C-1-105).