New Jersey General (Financial) Power of Attorney Form
The New Jersey General (Financial) Power of Attorney is a useful legal resource for anyone who seeks an extra pair of hands to better manage their financial affairs. The creator (a party known as the Principal) can elect another a party (their Agent) to take complete or partial control of one or more financial tasks. The decision of who will act as their Agent is one that the Principal should carefully consider—ideally it should be a responsible individual or a professional entity, such as a financial management company. It is vital that the Agent agrees to abide by the conditions pertaining to the contract’s “general” nature i.e. that it will exhaust upon the Principal’s incapacity.
State Laws & Signing Requirements
State Laws – Revised Durable Power of Attorney Act
- The Principal must appear before an officer and acknowledge that the Power of Attorney was executed as the Principal’s own act.
- The officer signs a certificate stating that acknowledgment or proof, and the certificate must also include the statements noted in R.S.46:14-2.1.
- The signing must take place before one (1) witness.