North Carolina power of attorney forms are legally binding documents that can be used to establish (or revoke) a power of attorney arrangement between the principal and an appointed attorney-in-fact. A power of attorney grants the attorney-in-fact authority over specific areas of the principal’s life, such as finances, healthcare, taxes, etc. Some of these forms are temporary, giving the attorney-in-fact control over one or more specific tasks until that task is complete. Other POAs are more lasting and in some cases will remain in effect even if the principal becomes disabled or otherwise unable to make competent decisions. Therefore, it is important that the principal selects an attorney-in-fact that is unquestionably loyal and trustworthy, such as a close friend or relative.
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A North Carolina durable power of attorney is a document used to appoint an attorney-in-fact to make financial decisions, personal or business-related, for a principal (individual who executed the form). This type of power of attorney is used frequently as the arrangement continues even if the principal becomes incapacitated. Having a durable POA in place gives the principal some peace of mind in knowing their…
