A lot of people have heard the word "power of attorney" but not many people know what it is and what it's about. It is a simple document that allows you to nominate someone else for a particular reason. Most often, the reason is to do with financial decisions or the signing of financial papers.
The majority of times, powers of attorney are utilized when you are disabled in any way, or you fall sick and require someone else to take care of your financial affairs on your behalf. It's easy to draft an attorney power in NZ. You can learn in detail about the services of trusteeship in NZ and the expenses involved to create documents.
It is possible to find the forms on the internet, at an office supply store, or in any basic legal software that you could purchase from any office supplies retailer. Many states allow you to put on the form the names of those you're planning to name as your agent on the form, then you must sign the form. You'll usually need to do this before an official notary public, who is available in nearly every bank. It usually costs between $5 and $10 to notary stamp applied to your document in order to officially sign it.
When you've signed an authority to act, this doesn't necessarily mean that the agent has the power to manage your financial affairs forever. You can withdraw this power at any point for any reason or any reason whatsoever. You can give your agent broad powers that cover almost everything or confer very specific and limited powers that limit to just a single specific act, like signing a specific document once.