New Jersey General (Financial) Power of Attorney Form

The New Jersey General (Financial) Power of Attorney proposes an arrangement for an individual to lawfully administer their own established controls to another regarding financial dealings. The agreement is designed to deliver several broad sweeping permissions but can also be adjusted as needed to provide a versatile arrangement contingent on the demands of the declaring party.

Last updated September 19th, 2024

Laws

Statute – New Jersey Revised Statutes – Revised Durable Power of Attorney Act (§ 46-2B-8.1 – 46-2B-19)

Definitions – “Power of attorney” is a written instrument by which an individual known as the principal authorizes another individual or individuals or a qualified bank within the meaning of P.L.1948, c.67, s.28 (C.17:9A-28) known as the attorney-in-fact to perform specified acts on behalf of the principal as the principal’s agent (§ 46-2B-8.2(a)).

Signing Requirements – A notary and one (1) confirming witness must be on-location to view all endorsements to create legal standing (§ 46-2B-8.9 and § 46-14-2.1).

Revocation – § 46-2B-8.10