 | New Jersey General Financial Power of Attorney Form |
The New Jersey general financial power of attorney form is a legal document provided by a Principal to delegate financial decisions to be made on behalf of the Principal by a designated Agent. The document provides specific information with regard to what powers the Principal would choose to allow the Agent to perform. Although the document would initially ask that all financial powers be acted upon by the Agent. This document may be restricted and/or limited regarding the powers transferred to the Agent. As the Principal reviews the document they may strike through any of the statements they feel are not appropriate for them.
All of the powers must be exercised by the Agent, by the written direction of the Principal. The Agent must act on behalf of the Principal as if they were present to make their own decisions regarding their own financial affairs. This document does not remain in effect if the Principal becomes incapacitated.
This form must be Notarized with all signatories present. The document may be revoked by the Principal at as they choose by provision of written notice to the Agent or assignment of a new Agent and a new powers document which will immediately revoke this document unless otherwise stated by the Principal. The Principal will have the opportunity to elect a Successor Agent, in the event the initial Agent is unable to any longer, carry out the requirements and/or wishes of the Principal.
How to Write
Step 1 – Download the Document –
Principal must carefully review the following sections:The
- Notice
- Incapacitation
- Revocation
- Witness and Notary
- In addition, in the lower portion of the document:
- Terms and Conditions
- Third Parties
- Compensation
- Disclosure
Step 2 – Principal and Agent(s) Information – Enter the following:
- The Principal’s name
- The Principal’s Street Address
- City
- State
- AND
- TheAgent’s name
- The Agent’s Address
- City
- State
- AND
- The name of any Successor Agent (This is Optional)
- The Successor’s Street Address
- City of residence
- State
Step 3 – Signatures – Must be provided only in the presence of a Notary Public:
- Submit the Principal’s Signature
- Enter the date of the Principal’s the signature in dd/mm/yyyy format
- AND
- Enter the Agent’s Printed Name
- Enter the Agent’s Signature
- Submit the date of the signature in mm/dd/yyyy format
- AND
- The Successor Agent’s Printed Name
- Enter the Successor’s Signature
- Date the signature in mm/dd/yyyy format
Step 4 – Notarization –
Once the Notary has witness all signatures, they will then enter all of the state requirements to acknowledge the document, also, affixing the official state notary seal
Step 5 – Acknowledgement and Acceptance of Agents – The Agent’s must review the acknowledgement statements – Provide the following:
- Print the name of the Agent(s)
- Enter Agent(s) signatures(s)
- Dated signatures in mm/dd/yyyy format
- AND
Witnesses must read the Witness Attestation and enter the following:
- Print the names of the Witnesses
- Submit the Signatures of the Witnesses
