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The New Jersey Limited (Special) Power of Attorney appropriates a written account to allow a principal to grant an itemized set of rights to a named attorney-in-fact. The format of the limited arrangement document allots a designated space for the declaring party to provide customized language to restrict the granted authorization(s). Permissions can be endowed as needed for the following categories:

Bank/Collection Accounts
Insurance Policies
Personal/Real Property
Government Benefits
Legal Proceedings

The areas presented within the form enable the granted agency to be instituted to cover communication, management, and/or signatory privileges as desired by the declarant.

Laws

Statute – New Jersey Revised Statutes – Revised Durable Power of Attorney Act (§ 46-2B-8.1 – 46-2B-19)

Definitions – “Power of attorney” is a written instrument by which an individual known as the principal authorizes another individual or individuals or a qualified bank within the meaning of P.L.1948, c.67, s.28 (C.17:9A-28) known as the attorney-in-fact to perform specified acts on behalf of the principal as the principal’s agent (§ 46-2B-8.2(a)).

Signing Requirements – To create a legally enforceable accord, the agreement requires a witness to substantiate endorsements as well as a notary to certify the event (§ 46-2B-8.9 and § 46-14-2.1).

Revocation – § 46-2B-8.10