A Nebraska general power of attorney (GPOA) is a form describing your appointment of someone, whether they’re a professional, friend, relative, or spouse, to manage your finances. It’s a non-durable document, meaning it expires when you can no longer make decisions for yourself. This characteristic can help prevent an agent from acting without the principal’s consent.
If you want to assign powers that don’t expire if you become incapacitated, use a durable power of attorney form instead. Within this form’s guidelines, an agent can manage bank accounts and investments even after the principal becomes disabled.
Laws — Nebraska Uniform Power of Attorney Act (§§ 30-4001 — 30-4045).
Authority (NE Rev. Stat. § 30-4024) – An individual appointed as an agent through a power of attorney can represent the principal and wield powers as specified in the agreement.
Signing Requirements (NE Rev. St. § 30-4005) – If a notary public acknowledges the principal’s signature, Nebraska state law will consider it authentic.
Presumption of Durability (NE Rev. Stat. § 30-4004) – The principal must state if they want the document to be non-durable because Nebraska presumes durability for powers of attorney.