 | Nevada General Financial Power of Attorney Form |
The Nevada general financial power of attorney form is a legal document that is provided to designate an Agent to whom the Principal shall entrust powers of their financial accounts, and real property by designating the powers to a selected Agent, in writing, into the document.
This document will be immediately effective and available to the Agent as of the date of the document, The Agent will then have the ability to control accounts and properties that the Principal will grant powers over. They may also choose to make the document available contingent upon when the Principal is no longer able to conduct their own business as a result of incapacity or incompetency. Or if the Agent simply wishes to allow someone else handle all of their finances and property regardless of their physical and/or mental condition.
The powers document should be entered into cautiously, since the document will essentially permit the Agent to take complete control over the Estate of the Principal. If the Principal is not certain of what the document truly means, legally, they may wish to consult with an attorney, prior to completion and signature to ensure that they are understanding of what they are signing.
This form must be notarized in order to be effective. The Principal must be aware that they will retain the right, to revoke this document when they choose, by providing a written notice to the Agent, removing all powers on the date specified by the Principal. Completion of this document will revoke any previous powers documents.
How to Write
Step 1 – The Principal Must Review the Following Titles –
- Notice
- Incapacitation
- Revocation
- Witness and Notary
Step 2 – The Principal must enter the following:
- The Principal’s full name
- Address
- City
- State
- AND
- Enter the name of the selected Agent
- Their Address
- City
- State
- Enter the State where the document will be utilized
- AND
- In the event the original Agent is no longer able to serve – Enter the name of a Successor Agent (optional)
- Street Address
- City
- State
- Enter the State where the document will be utilized
Step 3 – Additional Titled Sections –
- Terms and Conditions
- Third Parties
- Compensation
- Disclosure
Step 4 – Signatures – The Signatures must be signed before a Notary Public – Enter the following:
- The Principal’s Printed Name
- Date the signature in dd/mm format
- Signature of Principal
- AND
- The Agent’s Printed Name
- The Agent’s Signature
- The Date of the signature in mm/dd/yyyy format
- AND
- The Successor’s Printed Name
- The Successor’s Signature
- The Date the signature was entered in mm/dd/yyyy format
Step 5 – Notarization –
Once the Notary has witnessed the Principal’s signature, they will then complete the notary section of the document. The notary will then affix their official seal/stamp in acknowledgement
Step 6 – Acknowledgements of Agents – The Agent’s must read their respective paragraphs. If they are in agreement:
- Each Agent must provide their printed name
- Each Agent must submit their signatures
- Date the signatures in mm/dd/yyyy format
Step 7 – Witness Attestation – Both witnesses must read the attestation, if in agreement, provide (in the same paragraph):
- Printed name of each witness
- Signature of each witness
