How do I execute a durable power of attorney?

In North Carolina, executing a durable power of attorney involves having a document drawn up and signed by both the principal and the attorney-in-fact. The principal is the person granting power of attorney, and the attorney-in-fact is the person accepting it. This document should be in writing and should be signed by a witness or notarized in order to be legally binding. The durable power of attorney document should include the following information: the identity of the principal granting power of attorney; the identity of the attorney-in-fact accepting power of attorney; the precise power being given; the scope of authority of the attorney-in-fact; and the date on which the document takes effect. Many times, this type of document is used to grant the authority to manage financial assets, pay bills, handle legal matters, and make other financial decisions for the principal. Once the document is prepared, the principal must then sign and date it. It is also recommended that the principal sign in the presence of a witness or have the signature notarized. After it is signed, the power of attorney document must be given to the attorney-in-fact so that they may take action as authorized by the principal. Once this is done, the durable power of attorney is legally valid and the attorney-in-fact may begin their duties.

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How do I execute a durable power of attorney?

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