Laws for Power of Attorney in New Hampshire

By Anna Assad

New Hampshire financial power of attorney laws set forth the rules and limitations under which a person, known as the principal, may grant authority to another person, known as the agent, to act on their behalf. The agent acting for the principal can do whatever the principal has allowed her to do, as outlined in the power of attorney document. In New Hampshire, an agent may have broad authority that includes signing the principal's real estate deal papers and completing the principal's banking.

Execution

New Hampshire provides a statutory format for powers of attorney, but a principal doesn't have to use the exact same wording. New Hampshire with consider a power of attorney valid as long as the document has wording similar to the statutory format. The principal must sign the power of attorney but isn't required to have it notarized unless the agent will sell or buy real estate for the principal. The principal doesn't need witnesses or the agent to sign the power of attorney.

Gift Restrictions

Even under a broad power of attorney, an agent can't give gifts for the principal unless the power of attorney document permits gift-giving and the gift won't make the principal reliant on public assistance or charity. An agent can't give herself any of the principal's property unless the power of attorney allows such gifts.

Ready to appoint a power of attorney? Get Started Now

Principal's Death

While a power of attorney usually ends as soon as the principal dies, New Hampshire laws create special circumstances for armed forces members. Actions taken by an agent after a principal in the armed forces has died are still valid, as long as the agent didn't know the principal died.

Disability or Incompetence of Principal

An agent keeps her authority if the principal becomes disabled or incompetent as long as the power of attorney includes a statement to that effect. Anything the agent does during the principal's incompetency or disability must be treated by other parties as if the principal is of sound mind and body. However, if a guardian or conservator is appointed to take care of the principal, the agent must account to the guardian or conservator for her actions. A guardian or conservator has the right to revoke or suspend the power of attorney on behalf of the principal.

Considerations

If a principal becomes disabled or incapacitated and an agent without authority still acts, the agent isn't liable if she didn't know about the principal's change in condition. A person other than the principal may challenge the agent's authority or a specific act by the agent in court. State law allows people involved with the principal, such as a relative or caregiver, to file an action against the agent for various reasons related to the power of attorney. For example, if a relative believes the agent has committed fraud, he can file a petition in the county probate or superior court to end the agent's authority.

Ready to appoint a power of attorney? Get Started Now
Is Power of Attorney Valid After Death?
 

References

Related articles

Does a Durable Power of Attorney Grant the Right to Deny Visitors to a Patient?

An agent under a durable medical power of attorney has authority to act on behalf of an incapacitated principal to make decisions within the scope of the power assigned. Generally, an agent is given broad authority to decide all medical and health matters. The right to allow or reject visitors on behalf of the principal is generally a part of the agent's authority unless specifically excepted in the power of attorney.

Can a Power of Attorney Give Away a Life Estate?

A power of attorney is a written document wherein a principal grants an agent the power to take action on the principal’s behalf. Powers of attorney are often granted because the principal wants to take a specific action but cannot do it personally for some reason. What an agent can and cannot do is defined in the power of attorney document. A power of attorney can grant an agent the ability to give away a life estate specifically or the right to distribute a principal’s property subject to whatever terms the agent sees fit. However, the power of attorney may limit the circumstances in which an agent can use his power.

How to Revoke Durable Financial Power of Attorney in Ohio

If you've given another person the authority to handle financial transactions for you on a power of attorney, you can revoke her authority. In Ohio, a durable financial power of attorney remains effective even if you're incapacitated. You need to move quickly if you want to revoke the power of attorney, especially if you're concerned your agent isn't acting in your best interests.

Power of Attorney

Related articles

How Can I Prove My Uncle Is Misusing His Power of Attorney?

A power of attorney allows one person, the principal, to give authority to another person, the agent, to act on her ...

How to Appoint a Power of Attorney

A power of attorney allows one person to act on behalf of another person in various matters, including health or ...

What Happens if Two People on a Power of Attorney Disagree?

When a person, known as the principal, creates a financial or medical power of attorney, she may name two agents and ...

Can a POA Change a Will?

A power of attorney allows a person, referred to as an agent or attorney at law, to act on behalf of another person, ...

Browse by category
Ready to Begin? GET STARTED