Updated on May 21st, 2025A New Jersey durable (financial) power of attorney is a document that authorizes another person to handle a person’s financial matters. The authorized individual, or ‘attorney-in-fact,’ can be given control over all or a part of the principal’s personal and/or business finances. The principal should appoint someone who is reliable, possibly a relative or close friend, who will act in the…
Updated on May 2nd, 2023An Arkansas limited power of attorney permits someone to choose another person to take care of a specific financial act or obligation on their behalf. The action can be anything from cashing a check to purchasing real estate. Most limited power of attorney documents becomes void after completion of the act or after a fixed time period. The power can be…
Updated on May 5th, 2023A Maine durable power of attorney form allows individuals to appoint a representative to deal with any and all of their financial matters in the event of their incapacitation. The agent must be capable of running or closing any businesses the principal owns, in addition to managing their investments. Durable powers of attorney either become active in the instance of the…
Updated on May 4th, 2023A California durable power of attorney allows a person to authorize someone else to handle monetary decisions on their behalf. This type of agreement clarifies what tasks the agent will be able to undertake while clearly defining the durable nature of the legal document, meaning the powers granted to the agent will remain effective even if the principal becomes disabled or…
Updated on May 10th, 2023A Rhode Island durable financial power of attorney form allows a principal to name an individual, known as the attorney-in-fact, to manage their money and business affairs. With a “durable” financial power of attorney, the authority of the attorney-in-fact become effective immediately. Alternatively, with a “springing” durable financial power of attorney, the representative only begins his or her task if and…
