Full question:
I wanna name my three children in a power of attorney of my estates in New Jersey. Can I execute a multiple power of attorney that gives them all equal power? What will be the legal effect if I add a provision that they have to act jointly?
- Category: Power of Attorney
- Date:
- State: New Jersey
Answer:
In New Jersey, you can create a multiple power of attorney that grants equal authority to multiple attorneys-in-fact. If you include a provision requiring them to act jointly, all appointed attorneys-in-fact must agree to exercise any power granted. This is outlined in N.J. Stat. § 46:2B-8.7, which states that unless specified otherwise, the authority can be exercised by those who remain after the death, resignation, or disability of any attorney-in-fact. If you specify that they must act jointly, then the agreement of all three children is necessary to take any action under the power of attorney.
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