Create a North Dakota Power of Attorney with our customizable template!
A North Dakota power of attorney is a legal document that provides authorization for an individual, referred to as the agent or attorney-in-fact, to make financial decisions, healthcare decisions, real estate decisions, or estate decisions on behalf of the person granting the authority. A North Dakota POA is most often used in estate planning, but there are other instances when it is a useful tool.
Quick Reference:
The person granting permission is referred to as the principal, donor, or grantor.
The person receiving authorization is known as the agent or the attorney-in-fact.
A North Dakota power of attorney must comply with state law Title 30.1-30, the Uniform Durable Power of Attorney Act of North Dakota’s Century Code. It specifically outlines the parameters of a legally enforceable power of attorney. It also ensures that the form, as well as its duties, are protected under the law. Here are some of the state’s power of attorney requirements:
The principal has the right to express which powers the agent may or may not use on their behalf. The principal also has the legal right to revoke (terminate) the POA with notice.
There are many reasons why someone would want to use a North Dakota power of attorney form to give another person the reason to make decisions related to their tangible personal property, financial institution transactions, tax matters, or their well-being. Some of those reasons include:
Each person’s power of attorney needs may vary. Thankfully, there are several types of power of attorney forms available. Before you decide which to use, you should seek legal advice to make sure you choose the one that will best meet your needs. You should also ask how to revoke a POA should it become necessary for you to do so. Here are the most commonly used Noth Dakota power of attorney forms used.
General Power of Attorney
A general power of attorney grants an agent the ability to make broad decisions on behalf of the principal.
Durable Power of Attorney
A durable power of attorney is an "extended version" of a general power of attorney because it goes beyond the parameters of a general power of attorney.
Limited Power of Attorney
A limited power of attorney is also known as a special power of attorney.
Healthcare Power of Attorney
A North Dakota healthcare power of attorney is used by the principal to appoint an agent to make medical decisions on behalf of the principal.
Minor Child Power of Attorney
A minor child power of attorney allows a parent or guardian to grant decision-making rights over their child to a temporary guardian in the case that the parent or guardian may not be present during a medical emergency.
Real Estate Power of Attorney
A real estate power of attorney grants power to the agent to buy, sell, and manage real estate on the principal's behalf.
Tax Power of Attorney
A tax power of attorney, officially known in North Dakota as Form 500, allows the agent who is usually a qualified individual such as an accountant, to prepare and submit tax information to the State of North Dakota's Office of State Tax Commissioner on behalf of the principal.
Vehicle Power of Attorney
A vehicle power of attorney allows the agent to buy, sell, and handle the necessary paperwork with the North Dakota Department of Transportation on the principal's behalf.
Create a North Dakota Power of Attorney in minutes with our professional document builder.
Get Started Now!