Power Of Attorney Form For Legal Matters – A General Power of Attorney (PoA) is a legal document that gives a trustee or organization permission to manage legal and financial matters for you, such as buying or selling real estate, signing contracts and accessing bank accounts.
The person who provides control is known as the ‘principal’, while the person or entity that receives the power of attorney is known as the ‘agent’ or ‘attorney’. Designed to comply with state laws, our power of attorney is adaptable for use anywhere in the United States. All general power of attorney forms from Rocket Lawyer can be edited to fit your specific situation. This key legal document provides assurance to financial institutions and other parties that your chosen agent can act in your best interest.
Power Of Attorney Form For Legal Matters
THEY ARE EXPLAINED IN PERMANENT ENTITY, SUBTITLE P, TITLE 2, PROPERTY CODE. of , , , as my agent (“Executive”) to exercise the powers and discretions described below. of , , and , as my attorneys (collectively “My Agent”). of , , , as my agent (“Executive”) to exercise the powers and discretions described below. of , , and , as my attorneys (collectively “My Agent”). However, if immediate action is necessary to achieve the purposes of the power of attorney or to avoid irreparable harm to my interests and an agent is unavailable due to absence, illness, or other temporary incapacity, the other agent may act on my behalf.
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However, the preceding sentence shall not have the effect of revoking powers of attorney that are directly related to my health care and previously signed by me.
My agent is entitled to compensation for reasonable expenses incurred on my behalf and compensation that is reasonable in the circumstances. My agent is entitled to reimbursement of reasonable expenses incurred on my behalf, but will not be compensated for acting as my agent.
Waiver of Principal’s Right to Joint and Successor Annuities, including Survivor’s Benefit under Retirement Plan
Exercise fiduciary powers which the principal has the right to delegate and which are expressly and clearly set out (including persons for whom the principal acts as fiduciary) in the specific instructions
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The fiduciary powers which my Agent is authorized to exercise, together with the persons for whom I act as fiduciary, are as follows:
I will be considered disabled or incapacitated for purposes of this power of attorney if a physician certifies in writing on a date subsequent to the date of signing this power of attorney that, based on my physician’s medical examination, I am mentally incapable of managing my financial affairs. I authorize the physician examining me for this purpose to disclose my physical or mental condition to another person for the purposes of this authorization. A third party who accepts this power of attorney is fully protected from any action taken under this power of attorney based on a medical finding of my disability or incapacity.
If the Agent is unable to serve for any reason, I appoint , , , as my deputy or successor, as the case may be, to serve with the same powers and discretion.
If the Agent is my spouse, then I also appoint , as my substitute solely for the purpose of releasing dowry, housing or other interests or other property rights (of any nature) which under local law cannot be released by my wife.
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This power of attorney continues until revoked or terminated by death or other event described in Subtitle P, Title 2 of the Texas Estates Code.
I agree that any third party who receives a copy of this document may act on it. Termination of this power of attorney has no effect with respect to a third party until the third party has actual knowledge of the termination. I agree to indemnify the third party against any claims arising from the third party’s reliance on this power of attorney. The meaning and effect of this power of attorney shall be governed by Texas law.
If it becomes necessary for the court to appoint a conservator of my estate, I recommend the following person for appointment:
Immediately upon written certification by my physician that I am incapacitated or mentally incapable of managing my financial affairs and will not be affected by my disability or lack of mental capacity, except as otherwise provided by applicable state law. It is a durable proxy, durable and durable
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This power of attorney is not affected by my subsequent incapacity. This Power of Attorney is revoked and will not be valid if I am incapacitated. This power of attorney is not affected by subsequent disability or incapacity of the principal or the lapse of time.
Manner of Revocation: The Principal may revoke this document in writing at any time prior to the expiration date without cause or reason, or if the proxy exceeds or violates the scope and authority granted herein. If the Principal becomes disabled or incapacitated, the Attorney may continue to act as such regardless of the disability, incapacity or date of termination.
Manner of Cancellation: The Principal may cancel this document in writing at any time prior to the expiration date without cause or reason. In addition, if the power of attorney exceeds or violates the scope and authority provided herein, the Principal may revoke the power of attorney in writing at any time prior to the expiration date.
My agent will have full power and authority to act on my behalf. This power and authority authorizes my Agent to manage and direct all my affairs and to exercise all his legal rights and powers, including any rights and powers that I may acquire in the future. My agent’s powers include, but are not limited to, the power to:
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My agent has full power and authority to act on my behalf, but only to the extent permitted by this special power of attorney. My agent’s powers include the power to:
. Conduct business with any banking or financial institution in connection with any of my accounts, including but not limited to making deposits and withdrawals, negotiating or clearing checks or other instruments in connection with such accounts, receiving of bank statements, bank books, drafts, money orders, warrants and certificates or vouchers payable to me by any person, company, corporation or political entity.
. Taking any action necessary to deposit, negotiate, sell or transfer United States notes, securities or currency, including US securities.
. To waive my right to be a joint beneficiary and survivor of an annuity, including a survivor’s benefit under a retirement plan.
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. I provide for the support and protection of myself, my spouse, or a minor child whom I am obligated to support or have established a pattern of prior support, including, without limitation, providing food, lodging, housing, medical services, recreation, and travel.
. Purchase and/or maintain insurance and annuity contracts, including life insurance on my life or the life of another eligible person.
My house as described in the attached Appendix. any land which I now own or may hereafter own. my house is legally described as:
. I make gifts of my assets to members of my family and to other individuals or charities with whom I have an established giving pattern (or if it is appropriate to make such gifts for estate planning and/or tax purposes) to file a return and federal gift tax returns and file a gift tax return with my husband, if any. No Agent acting under this instrument, unless expressly authorized herein, shall have the power or authority (a) to gift, assign, assign or transfer any of the assets, interests or my rights, directly or indirectly, to such Agent , such as an estate, creditors of such Agent or creditors of such Agent’s estate, (b) exercise any power of appointment that I may have in favor of such Agent, his Agent’s estate, creditors of such Agent or creditors of the estate to such Agent, or (c) use any of my assets to fulfill any of such Agent’s legal obligations, including maintenance obligations that it may owe to such Agent to others, except those which I am legally bound to support.
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. Transfer any of my assets to the trustee of any revocable trust created by me, if such trust exists at the time of such transfer.
. To use my assets to fund a trust not created by me but in which I have either created a funding model or to fund a trust created by my agent for my benefit or for the benefit of my dependents, heirs or devisees on the advice of a financial advisor.
. To create, sign, amend or revoke trust agreements or other trust documents in an attempt to administer or create a trust created for or for my benefit
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