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” – “means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact or otherwise.”
- “Principal” – “means an individual who grants authority to an agent in a POA.”
- “Incapacity” – “means the inability of an individual to manage property or business affairs because the individual: 1) Has an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of technological assistance; or 2) Is (a) Missing; (b) Detained, including incarcerated in a penal system; or (c) Outside the U.S and unable to return.
State Laws & Signing Requirements
Signing Requirements (NRS 162A.220) – For a POA to be effective in the state of Nevada, the Principal must sign it before a Notary Public (or another individual who is authorized to take acknowledgements). Another individual can lawfully sign the Principal’s name in their conscious presence, as long as the Principal has directed them to do so.