North Dakota power of attorney forms allow for a representative to take your place and handle any monetary or healthcare related activity on your behalf. MOre importantly, the forms are used in the chance that you or a loved one may lose their mental capacity at a given time most commonly due to old age.
If this should happen, bills will still need to be paid, investments must still be managed, and there will more important health care choices made at this point than ever before. In North Dakota, through two documents you can still indirectly chart the course of events, even if your voice is temporarily or even permanently silenced. The absence of these preparation documents will mean that your loved ones will have to go to the courts.
After selecting an agent and filling out the form, North Dakota State Law (Uniform Power of Attorney Act) calls for the document to be either signed in the presence of two (2) witnesses or a notary public.
The North Dakota Financial Power of Attorney, allows you to appoint an Attorney-In-Fact to manage all your monetary related affairs. Anything from paying the electric bill to managing your stock portfolio. If you want the arrangement to begin immediately, it must be set up as a ‘Durable”. The other choice is for a “Springing”, which only takes effect upon your incapacitation. A recommended option is…
This legal document allows you to appoint a trusted person, like a family member or a close associate, and let them have power to handle any type of monetary related transaction on your behalf. The agent selected must always work to the benefit of the principal and by law cannot be compensated for acting in their presence. Unlike the durable version of this form, it…
The powers granted in this document allow for the restricted use of handling someone else’s financial affairs on their behalf. Meaning, the document allows for the someone, known as the “Principal”, to select someone else, known as the “Agent”, to handle specific financial matters on their behalf. Most commonly this is used to select an attorney to handle a real estate transaction on the principal’s…
The North Dakota medical power of attorney form, also called a Health Care Directive is where you name an Agent to make all decisions in reference to treatment and facility options in the chance you cannot do so for yourself. The individual must be someone who shares your philosophies as to end of life treatment. Typical choices for this office are relatives, close friends or your spouse….
The North Dakota tax power of attorney form, otherwise known as ‘Form 500’, allows for a person to be able to choose someone else to handle their tax filing with the Tax Commissioner. The form needs to be completed by the principal stated the exact powers in addition to filing you would like to grant, and when it is filled in signature is all that…
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