New Power of Attorney Law

On January 1, 2018, a new Power of Attorney Act went into effect here in North Carolina. Rather than changing a few provisions here and there, North Carolina repealed and replaced the entirety of its old law. The decision by the General Assembly to wipe the slate clean and build the new law from the ground up is a pretty radical thing to do and should tell you how deficient the prior law was. If you have a Durable Power of Attorney (also referred to as a financial power of attorney) that was implemented prior to January 1, take notice! You should consider updating that document with a newer version that encompasses the new law.

One of the driving forces behind this change was to enhance the effectiveness of North Caroli