A New Jersey Power of Attorney (PoA) permits a grantor to authorize a third-party to act on the grantor’s behalf when resolving financial, legal, and health care issues. New Jersey residents have a few different types of POA options at their disposal, depending on the scope and duration of the powers granted.
New Jersey Durable Power of Attorney
A Durable PoA gives a grantor the ability to designate a third party as an agent who can make decisions regarding the grantor’s financial and legal affairs. This includes actions pertaining to real property, stocks, banking, and other key issues. It is considered ‘durable’ because it stays legally binding even upon the incapacitation of the grantor.
In New Jersey, the PoA must contain language that makes it clear the grantor wants it to stay in effect in the event of incapacitation or death. Otherwise, courts will consider it a General PoA.
New Jersey General Power of Attorney
A General PoA provides similar rights to the Durable PoA but does not specifically dictate that the document will remain in effect when the grantor dies or becomes incapacitated. Legal authorities will deem all PoAs as general unless the paperwork possesses the necessary verbiage to create a durable PoA.
New Jersey Limited Power of Attorney
A Limited PoA allows a grantor to restrict the temporary decision-making rights of a third-party agent to specific tasks. Once the agent has completed the tasks stipulated in the Limited PoA, the document becomes void. For example, a grantor may give a family member the limited right to sell a specific piece of the grantor’s property and distribute the proceeds.
New Jersey Medical Power of Attorney
A Medical PoA, or Proxy Directive, gives an agent the power to finalize health care decisions on
behalf of the grantor should incapacitation occur. Examples of incapacitation include traumatic brain injuries, Alzheimer’s Disease, advanced Lou Gehrig’s Disease, and others. Once an event triggers the PoA, the agent may dictate the treatment, resuscitation, palliative care, and more.
New Jersey Minor (Child) Power of Attorney
A Minor Child PoA allows parents to name a third party as a temporary guardian who can make emergency medical decisions for their child. Many parents use this PoA if they expect to remain out of the country for an extended period of time. They can also sign a Minor Child PoA in other cases where they apprehend a future inability to decide a course of treatment for their kids.
Frequently Asked Questions
Below, find some of the most commonly asked questions regarding PoAs.