The New Jersey Financial Power of Attorney allows you to choose an Attorney-In-Fact to manage your financial affairs. Because this individual will be doing everything from paying simple bills to managing your investments, he or she must not only be someone who has your complete trust, but also someone whose business skills you respect enough to handle all your assets. It would be very helpful…
New Jersey Power of Attorney Forms
New Jersey power of attorney documents allow for a person, “Principal”, to select someone else, “Agent” or “Attorney in Fact”, to have unlimited financial capabilities over your assets and business(es) as well as medical decisions. Many people reach a point in their life where they are no longer able to manage their financial affairs or to direct their health care, due to accident, illness, or advanced age.
In New Jersey, there are two simple documents that can usually be completed without the aid of an attorney that will ensure that your wishes will still be carried out. They are the Durable Financial and Advance Directive (which includes the medical power of attorney form). Both of these documents must be signed either in the presence of a notary public or two (2) witnesses according to the New Jersey General Durable Power of Attorney Act.
Allows you to choose anyone you would like to be the agent to handle financial affairs. It is highly recommended to choose someone who is a close relative or friend that is not only trustworthy but has a grasp on your business affairs and assets. Note: This form becomes void if you become mentally unable to think for yourself.
The limited power of attorney form allows a person in New Jersey to select someone else to act as their agent and handle a specific monetary related matter on their behalf. The form becomes void upon completion of the action or at an expiration date as stated in the document. The form must be notarized or signed with at least two witnesses above the age…
The Advance Directive for Health Care, consists of two parts. In the Living Will, or the Instruction Directive as it’s formally known in New Jersey, you state the conditions under which you would and would not wish to receive the medical procedures that you list. Through the Power of Attorney, or formally, the Proxy Directive, you name a Health Care Agent to make all the…
The document allows for the parent of a minor to select someone else to be able to handle the medical and educational choices for the minor. The person selected as the agent is usually a relative and the form usually lasts only for a year until it must be renewed by authorizing another form.
Form allows for a person who owns a vehicle in New Jersey to assign someone else to handle either registration, to request corpcode, or to obtain title with the Motor Vehicle Commission. The form must be signed in the presence of a notary public in order to be accepted.
Use the revocation to cancel a financial or medical power of attorney that is current in New Jersey. In order for the revocation to be legal it must be notarized. Be sure to give a copy of the revocation to the agent and any institution that may be using the original form to inform them of it’s termination.
Also known as Form M-5008-R, allows a resident of New Jersey to select an agent, usually a Certified Public Accountant or Tax Attorney, to handle any and all their tax matters with the Division of Taxation. The form does not require witnesses or a notary to become in effect and only needs the signature of the Principal and the person selected to handle the filing(s).