What is a New Hampshire General Power of Attorney form?
A General Power of Attorney form in New Hampshire is a legal document that allows one person (the principal) to designate another person (the agent) to make a wide range of financial decisions on their behalf. This includes managing finances, buying or selling real estate, and handling business transactions, among other responsibilities. The form grants broad powers to the agent, except for healthcare decisions.
How does one create a General Power of Attorney in New Hampshire?
To create a General Power of Attorney in New Hampshire, the principal must complete a form that clearly states their intention to grant power to the agent. This document must include the signatures of both the principal and the agent, and it is strongly recommended, although not legally required, to have the signatures notarized or witnessed to increase the form's validity.
Who can serve as an agent in New Hampshire?
Almost any competent adult can serve as an agent in New Hampshire. This includes family members, friends, or trusted professionals. The chosen agent should be someone the principal fully trusts, as they will have significant control over the principal's financial matters.
When does a General Power of Attorney become effective?
In New Hampshire, a General Power of Attorney typically becomes effective immediately upon signing unless the document specifies a different starting date or a triggering condition that must be met for it to become active.
Can a General Power of Attorney be revoked?
Yes, the principal has the right to revoke a General Power of Attorney at any time, as long as they are mentally competent to make such a decision. Revocation can be done by notifying the agent in writing and destroying all copies of the document.
Does a General Power of Attorney allow an agent to make healthcare decisions?
No, a General Power of Attorney in New Hampshire does not empower an agent to make healthcare decisions on behalf of the principal. For healthcare matters, a separate document, known as a Healthcare Power of Attorney or Advance Directive, is required.
What happens if the principal becomes incapacitated?
If not explicitly stated otherwise in the document, a General Power of Attorney in New Hampshire may become invalid if the principal becomes incapacitated. However, if the document is a Durable Power of Attorney, the agent retains the authority to act on the principal's behalf even if the principal becomes mentally incapacitated.
Where should a General Power of Attorney be stored?
After execution, the original General Power of Attorney should be stored in a safe and accessible place. Copies should be provided to the agent, financial institutions, and others who may need evidence of the agent’s authority. It’s also wise to discuss the location of the document with the agent and close family members.