Special Power Of Attorney With Multiple Principals
Description
How to fill out New Jersey Special Durable Power Of Attorney For Bank Account Matters?
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FAQ
You can choose one or more people to be your attorney. If you appoint more than one, you must decide whether they'll make decisions separately or together.
Most power of attorney agreements include just one principal and one agent. If a principal decides to elect two agents, however, this is certainly possible--provided that the powers granted to each agent do not overlap.
A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor (of the power).
Appointing attorneys You can appoint just 1 attorney, or more than 1 attorney, to act: "jointly" they must always make decisions together. "jointly and severally" they have to make some decisions together and some individually.
There is no limit to the number of people you can name as an attorney when making a Lasting Power of Attorney (LPA). You can also name replacement attorneys who can step in if one of the original attorneys becomes unable or unwilling to act.
