A New Jersey general power of attorney form is designed to transfer control of financial affairs from the principal to an appointed agent. The agent will be authorized to act on the principal’s behalf regarding property and asset management, personal finances, business matters, and any other affairs the principal establishes in the agreement. It is recommended that the appointed agent be a close friend, a relative, or someone trustworthy that will perform their duties with the principal’s values in mind. Unlike the durable power of attorney, this form becomes void as soon as the principal cannot make decisions for themselves.
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