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This
power of attorney may be a general or
limited
power of attorney. For example, you may empower your agent to do any act
which you could do yourself (general power of attorney) or limit your
agent's authority to a specific transaction (limited power of attorney).
Options in this form include appointing an agent to dispose of
your property, collect your debts, endorse your checks, execute government
vouchers, deposit money or other property, borrow money, acquire property,
recover possession of property, institute or defend lawsuits, prepare and
file tax returns, transfer title to automobiles and perform any act which
you may do yourself.
This is a durable power of attorney meaning it is not affected by your
subsequent disability or incompetence if it
is registered (see below).
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ADDITIONAL INFORMATION ABOUT THIS POWER OF ATTORNEY |
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General Power of Attorney
After you print out your document, a space is
provided for your initials beside each power you want to grant your agent.
If this is to be a general power of attorney, you may
initial beside the option granting all powers to your agent. If you are
granting a general power of attorney over your finances your agent must
act in your best interest and failure to do so may result in criminal
charges or civil liability.
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Limited Power of Attorney
If this is to be a limited power of attorney then you must
specify this limitation while filling out the information form. For
example, if you only want your agent to sell your automobile you should so
specify and identify the automobile your agent is authorized to sell.
If your agent is only authorized to sell real estate, you should specify
and include the legal description of the property. If your agent is
only authorized to sell for a specific price you must indicate this while
filling out the information form. You must list in
this power of attorney the acts you want your agent to perform.
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Revocation of Power of
Attorney
Unless your power of attorney expires by its terms, you have a right to
revoke your power of attorney at any time by oral or written notice to
your agent. Notice of the revocation should be given to anyone who has
knowledge of the agency that may be adversely affected.
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Executing and Delivering Your Power of Attorney
After you have printed your
power of attorney you must gather two witnesses over eighteen (18) and
appear before a notary public for signing. Neither witness may be
the agent designated in the power of attorney.
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Registration in Deed Records
This is a durable power
of attorney in that it is not affected by your
subsequent disability or incompetence. However, Chapter 32A,
Section 9 of the North Carolina General Statutes provides that this power
of attorney is not valid subsequent to the principal's incapacity or
incompetency unless it is registered in the office of the
register of deeds of that county designated in the power of attorney, or
if no place of registration is designated, in the office of the register
of deeds of the county in which the principal has his legal residence at
the time of such registration, or if the principal has no legal residence
in North Carolina, in some county in North Carolina in which the principal
owns property or the county in which one or more of the attorneys-in-fact
(agent) reside. The power of attorney may be registered subsequent
to the incapacity or mental incompetence of the principal. NO
REGISTRATION IS REQUIRED PRIOR TO THE PRINCIPAL'S INCAPACITY OR MENTAL
INCOMPETENCE.
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Registration with Superior Court
Chapter 32A, Section 11
of the North Carolina General Statutes provides that within 30 days after
the registration of the power of attorney mentioned above, the agent must
file with the clerk of superior court in the county of such registration a
copy of the power of attorney. Every agent subsequent to the
principal's incapacity or mental incompetence shall keep full and accurate
records of all transactions in which he acts as agent of the principal and
of all property of the principal in his hands and the disposition thereof.
This power of attorney consists of approximately three pages.
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