Jump Links
The North Dakota General Power of Attorney form is a crucial legal document that allows individuals to appoint someone they trust to manage their financial and legal affairs. This form grants broad authority to the designated agent, often referred to as the attorney-in-fact, enabling them to make decisions on behalf of the principal. Key aspects of the form include the specific powers granted, which can encompass managing bank accounts, handling real estate transactions, and making investment decisions. It is important to note that the authority can be limited or extensive, depending on the principal's preferences. Additionally, the form must be signed and notarized to ensure its validity. This document remains effective until revoked by the principal or until their death, making it essential for anyone looking to prepare for potential incapacity or to streamline their financial management. Understanding the implications of this form is vital for both the principal and the agent, as it establishes a significant level of trust and responsibility.
Sample - North Dakota General Power of Attorney Form
North Dakota General Power of Attorney
This General Power of Attorney is established in accordance with the North Dakota Century Code, Chapter 30.1-30, which sets forth the statutory guidelines for creating a valid power of attorney in the State of North Dakota.
This document grants broad powers to an agent (also known as an attorney-in-fact) to act on behalf of the principal (the person making the power of attorney) in various financial and business matters.
Principal Information:
- Full Name: ___________________________
- Address: _____________________________
- City: ________________________________
- State: ND
- Zip Code: ____________________________
- Contact Number: ______________________
Agent (Attorney-in-Fact) Information:
- Full Name: ___________________________
- Address: _____________________________
- City: ________________________________
- State: _______________________________
- Zip Code: ____________________________
- Contact Number: ______________________
By this document, the Principal authorizes the Agent to act in their stead in all matters that the Principal can do through an agent, including but not limited to:
- Buying, selling, and managing real estate
- Handling bank transactions
- Claiming insurance and benefits
- Entering into contracts
- Buying or selling personal property
This General Power of Attorney shall commence on the date it is signed and shall remain effective indefinitely unless a specific termination date is noted herein, or the document is revoked by the Principal or by operation of law.
Commencement Date: _________________________________________
Termination Date (if any): __________________________________
The powers granted by this document will allow the Agent to act in the best interest of the Principal. However, this document does not permit the Agent to make healthcare decisions for the Principal.
To be valid, this document must be signed in the presence of a notary public or two adult witnesses, in accordance with North Dakota law. Witnesses must not be related to the Principal or stand to inherit anything from the Principal.
IN WITNESS WHEREOF, the Principal has executed this General Power of Attorney on the date specified below.
Date: _________________________
Principal's Signature: _________________________
State of North Dakota
County of ____________________________
This document was acknowledged before me on (date) ________________ by (name of principal) _______________________.
Notary Public (or Signature of Witness #1): ___________________________
Notary Public (or Signature of Witness #2): ___________________________
This form is intended to provide general guidance and understanding of the powers being granted. It is advised to consult with a legal professional before executing this document to ensure it accurately reflects the Principal's wishes and complies with local laws.
PDF Overview
| Fact Name | Description |
|---|---|
| Definition | A General Power of Attorney allows one person to act on behalf of another in legal and financial matters. |
| Governing Law | The North Dakota General Power of Attorney is governed by North Dakota Century Code, Chapter 30.1-29. |
| Durability | This form can be made durable, meaning it remains effective even if the principal becomes incapacitated. |
| Principal and Agent | The person granting authority is called the principal, while the person receiving authority is the agent. |
| Scope of Authority | The agent can perform a wide range of actions, including managing finances, real estate, and legal affairs. |
| Revocation | The principal can revoke the General Power of Attorney at any time, as long as they are mentally competent. |
| Signing Requirements | The document must be signed by the principal and acknowledged before a notary public. |
| Third Party Acceptance | Financial institutions and other third parties may require additional documentation to accept the power of attorney. |
| Limitations | Some actions, such as making a will or changing beneficiaries, cannot be delegated through this form. |
| Recommended Use | This form is often recommended for individuals who want to ensure their affairs are managed in their absence. |
Other Popular North Dakota Forms
Power of Attorney North Dakota - The tool you need to ensure your financial affairs are handled by someone you trust.
When considering your rental options, understanding the importance of a well-structured Lease Agreement can greatly benefit both landlords and tenants. This document not only clarifies expectations but also safeguards the interests of both parties throughout the duration of the rental period.
Last Will and Testament Vs Living Will - This document can be revised as life circumstances change, such as after marriage or the birth of a child.
North Dakota Power of Attorney - It is a proactive step that demonstrates a parent’s dedication to their child’s well-being under all circumstances.