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New Hampshire General Durable Power of Attorney for Property and...

New Hampshire General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

Name: New Hampshire General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.71 (486 reviews)

Category:

Power of Attorney - General

State:

New Hampshire

Control #:

NH-P003

Format:

Instant download

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Description

This General Durable Power of Attorney for Property and Finances Effective upon Disability form is a general, durable power of attorney which is effective ONLY upon the principal's disability, incompetency or incapacity. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services.

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How to fill out New Hampshire General Durable Power Of Attorney For Property And Finances Or Financial Effective Upon Disability?

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FAQ

In case you ever become mentally incapacitated, you'll need what are known as "durable" powers of attorney for medical care and finances.(Ordinary, or "nondurable," powers of attorney automatically end if the person who makes them loses mental capacity.)

Power of Attorney broadly refers to one's authority to act and make decisions on behalf of another person in all or specified financial or legal matters.Durable POA is a specific kind of power of attorney that remains in effect even after the represented party becomes mentally incapacitated.

1. About the Power of Attorney. A Durable Power of Attorney may be the most important of all legal documents.It can be used to give another person the authority to make health care decisions, do financial transactions, or sign legal documents that the Principal cannot do for one reason or another.

Non-Durable Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Medical Power of Attorney. Springing Power of Attorney. Create Your Power of Attorney Now.

A limited or special power of attorney may also be restricted to a specific time period.Financial Power of Attorney: Also called a durable power of attorney for finances, this gives the person of your choice the authority to manage your financial affairs should you become incapacitated.

In California and in many other states, there are POA forms specific to healthcare, and medical decisions are excluded from the general durable POAs. This means you can designate one person to be your agent for health decisions, and another for financial or legal decisions.

A financial power of attorney (POA) is a legal document that grants a trusted agent the authority to act on behalf of the principal-agent in financial matters.This kind of POA is also referred to as a general power of attorney.

If a power of attorney is durable, it remains in effect if you become incapacitated, such as due to illness or an accident. Durable powers of attorney help you plan for medical emergencies and declines in mental functioning and can ensure that your finances are taken care of.

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General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

STATUTORY REFERENCE

ALL REFERENCES ARE TO THE NEW HAMPSHIRE REVISED STATUTES

GENERAL DURABLE POWER OF ATTORNEY

(564-E:104: A power of attorney created under this chapter is durable unless it expressly provides that it is terminated by the incapacity of the principal.

564-E:105:
(a) With regard to a general power of attorney:

(1) The power of attorney must be signed (other than by electronic signature) by the principal or in the principal’s conscious presence by another individual directed by the principal to sign the principal’s name on the power of attorney and must be acknowledged before a notary public or other individual authorized by law to take acknowledgments.

(2) A disclosure statement in substantially the following form, signed (other than by electronic signature) by the principal or by another individual directed by the principal to sign the principal’s name, must be affixed to the power of attorney:

INFORMATION CONCERNING THE POWER OF ATTORNEY THIS IS AN IMPORTANT LEGAL DOCUMENT. BEFORE SIGNING THIS DOCUMENT YOU SHOULD KNOW THESE IMPORTANT FACTS:

Notice to the Principal: As the “Principal,” you are using this Power of Attorney to grant power to another person (called the “Agent”) to make decisions, including, but not limited to, decisions concerning your money, property, or both, and to use your money, property, or both on your behalf. If this Power of Attorney does not limit the powers that you give to your Agent, your Agent will have broad and sweeping powers to sell or otherwise dispose of your property, and to spend your money without advance notice to you or approval by you. Unless you have expressly provided otherwise in this Power of Attorney, your Agent will have these powers before you become incapacitated, and unless you have expressly provided otherwise in this Power of Attorney, your Agent will continue to have these powers after you become incapacitated. You have the right to retain this Power of Attorney and to release it later or to request that another person retain this Power of Attorney on your behalf and release it only if one or more conditions specified in advance by you are satisfied. You have the right to revoke or take back this Power of Attorney at any time, so long as you are of sound mind. If there is anything about this Power of Attorney that you do not understand, you should seek professional advice.

(b) A power of attorney to convey real estate must be signed (other than by electronic signature) by the principal or in the principal’s conscious presence by another individual directed by the principal to sign the principal’s name on the general power of attorney and must be acknowledged before a notary public or other individual authorized by law to take acknowledgments.

(c) Any other power of attorney must be signed by the principal or in the principal’s conscious presence by another individual directed by the principal to sign the principal’s name on the power of attorney.

(d) A signature on a power of attorney is presumed to be genuine if the principal acknowledges the signature before a notary public or other individual authorized by law to take acknowledgments.

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General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

STATUTORY REFERENCE

ALL REFERENCES ARE TO THE NEW HAMPSHIRE REVISED STATUTES

GENERAL DURABLE POWER OF ATTORNEY

(564-E:104: A power of attorney created under this chapter is durable unless it expressly provides that it is terminated by the incapacity of the principal.

New Hampshire General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability

Description

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