A New Jersey non-durable (general) power of attorney is a legal document establishing an arrangement where a principal allows an agent to handle some of their financial affairs. This non-durable form can provide an agent with a wide scope of financial responsibilities, but the principal can also write it to narrow the tasks the agent is allowed to complete.
Unlike a durable power of attorney, this form expires when the principal becomes incapacitated. This characteristic prevents the agent from abusing their authority or acting in a way the principal doesn’t approve.
Laws — Chapter 46:2B (Revised Durable Power of Attorney Act).
Durable (NJ Stat. § 46:2B-8.2(b)) – If the principal doesn’t include an explicit statement about the designated powers’ durability, state law assumes the authority will terminate when the principal becomes mentally incompetent.
Signing Requirements (NJ Stat. § 46:2B-8.9) – A notary public must witness the principal’s signature.
