This is a statutory form, that is, it is provided in the North Carolina General Statutes. By using this form, you can create a general, limited or durable Power of Attorney that gives an attorney-in-fact (agent) the authority to make decisions regarding property, financial, business, insurance and other matters. This Power of Attorney does NOT provide for health care services. If created as a durable power of attorney, it is required to be registered with the Register of Deeds office in order to be effective after the principal's disability.
Power Of Attorney With Two Agents
Category:
State:
North Carolina
Control #:
NC-P010
Format:
Word;
Rich Text
Instant download
Description
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How to fill out North Carolina Statutory Short Form Of General Power Of Attorney?
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FAQ
If power of attorney co-agents disagree on a financial decision and the principal is mentally competent and not physically incapacitated, then the principal's decision supersedes the representatives. The principal also has the authority to revoke an agent's authority.
Co-agents have equal decision-making abilities and if they are granted joint powers then they cannot act independently and must make all decisions together. This can create serious issues if they do not get along and have trouble reaching consistent agreements.
A power of attorney can name one agent or it can require two or more agents to act together. If you are acting as a co-agent under a power of attorney, but you and your fellow agent disagree on a course of action or one party has stopped participating in decision making, what can you do?