Financial Power of Attorney Form - New Jersey

The Financial Power of Attorney Form in New Jersey is a legal document that allows someone else to make financial decisions on your behalf if you are unable to do so. It grants another person, known as the agent or attorney-in-fact, the authority to manage your financial matters, pay bills, access bank accounts, and represent you in financial transactions.

In New Jersey, the Financial Power of Attorney form is typically filed by the person granting the power, known as the "principal."

FAQ

Q: What is a Financial Power of Attorney?A: A Financial Power of Attorney is a legal document that allows you to appoint someone to make financial decisions on your behalf if you become incapacitated.

Q: Why would I need a Financial Power of Attorney?A: Having a Financial Power of Attorney can ensure that someone you trust can manage your finances and make important financial decisions for you if you are unable to do so.

Q: Do I need a lawyer to create a Financial Power of Attorney?A: While it is not required to have a lawyer create a Financial Power of Attorney, it is recommended to seek legal advice to ensure that the document follows state laws and meets your specific needs.

Q: How do I revoke a Financial Power of Attorney?A: You can revoke a Financial Power of Attorney by completing a Revocation of Power of Attorney form and providing a copy to the person previously appointed as your agent.

Q: Can I choose more than one person to be my agent in a Financial Power of Attorney?A: Yes, you can appoint multiple agents to act either jointly (together) or severally (individually) in a Financial Power of Attorney.