Can a Power of Attorney Transfer a Deed or Manage Assets? | NC

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Q: Can a power of attorney be used to transfer a deed or manage assets for a seriously ill relative? A: Yes. Under North Carolina law, a valid financial power of attorney may allow an agent to manage assets and sign a deed for a seriously ill relative. The document must grant authority over the specific property or account involved. If the transfer is a gift to a family member, the power of…