A North Carolina non-durable (general) power of attorney designates someone (an “agent” or “attorney-in-fact”) to act on your behalf regarding your financial affairs. The principal can let the agent carry out any financial activities they’d normally perform themselves, such as trading stocks/bonds, filing taxes, and paying bills.
Because this document is a general, non-durable form, it will terminate when you become incapacitated or submit a revocation. If you want your agent to have authority that persists through your incapacitation, sign a durable power of attorney.
Laws — North Carolina Uniform Power of Attorney Act (§§ 32C-1-101 — 32C-4-403).
Durable (NC Gen. Stat. § 32C-1-104) – Powers of attorney are automatically durable, so the principal must include a statement that the instrument terminates upon their incapacity if they wish it to be non-durable.
Signing Requirements (NC Gen. Stat. § 32C-1-105) – A notary public should be present when the principal signs the document.
