Special instructions applicable to co-agents (if you have appointed co-agents to act, initial in front of one of the following sentences to have it apply if no selection is made, each agent will be entitled to act independently): _ My agent is entitled to reimbursement of reasonable expenses incurred on my behalf but shall receive no compensation for serving as my agent. _ My agent is entitled to reimbursement of reasonable expenses incurred on my behalf and to compensation that is reasonable under the circumstances. Special instructions applicable to agent compensation (initial in front of one of the following sentences to have it apply if no selection is made, each agent will be entitled to compensation that is reasonable under the circumstances): YOU DO NOT HAVE TO INITIAL THE LINE IN FRONT OF ANY OTHER POWER IF YOU INITIAL LINE (O). _ (O) ALL OF THE POWERS LISTED IN (A) THROUGH (N). _ (N) Digital assets and the content of an electronic communication _ (K) Benefits from social security, Medicare, Medicaid, or other governmental programs or civil or military service _ (H) Estate, trust, and other beneficiary transactions _ (G) Insurance and annuity transactions _ (E) Banking and other financial institution transactions _ (B) Tangible personal property transactions YOU MAY, BUT DO NOT NEED TO, CROSS OUT EACH POWER WITHHELD. TO WITHHOLD A POWER, DO NOT INITIAL THE LINE IN FRONT OF THE POWER. TO GRANT A POWER, YOU MUST INITIAL THE LINE IN FRONT OF THE POWER YOU ARE GRANTING. TO GRANT ALL OF THE FOLLOWING POWERS, INITIAL THE LINE IN FRONT OF (O) AND IGNORE THE LINES IN FRONT OF THE OTHER POWERS LISTED IN (A) THROUGH (N). UNLESS YOU PROVIDE OTHERWISE, CO-AGENTS MAY ACT INDEPENDENTLY.) I, _ (insert your name and address), appoint _ (insert the name and address of the person appointed) as my agent to act for me in any lawful way with respect to all of the following powers that I have initialed below. (3) a guardian is appointed for your estate. (2) your agent resigns, is removed by court order, or is unable to act for you or (1) you die or revoke the power of attorney Unless you specify otherwise, generally the agent's authority will continue until: You should select someone you trust to serve as your agent. IF YOU WANT YOUR AGENT TO HAVE THE AUTHORITY TO SIGN HOME EQUITY LOAN DOCUMENTS ON YOUR BEHALF, THIS POWER OF ATTORNEY MUST BE SIGNED BY YOU AT THE OFFICE OF THE LENDER, AN ATTORNEY AT LAW, OR A TITLE COMPANY. YOU MAY REVOKE THIS POWER OF ATTORNEY IF YOU LATER WISH TO DO SO. THIS DOCUMENT DOES NOT AUTHORIZE ANYONE TO MAKE MEDICAL AND OTHER HEALTH-CARE DECISIONS FOR YOU. IF YOU HAVE ANY QUESTIONS ABOUT THESE POWERS, OBTAIN COMPETENT LEGAL ADVICE. THEY ARE EXPLAINED IN THE DURABLE POWER OF ATTORNEY ACT, SUBTITLE P, TITLE 2, ESTATES CODE. NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. The following form is known as a "statutory durable power of attorney": FORM OF STATUTORY DURABLE POWER OF ATTORNEY (3) the signature of the principal is acknowledged. (1) the wording of the form complies substantially with the wording of the form prescribed by Section 752.051 A statutory durable power of attorney is legally sufficient under this subtitle if:
LEGAL SUFFICIENCY OF STATUTORY DURABLE POWER OF ATTORNEY. The form prescribed by Section 752.051 is not exclusive, and other forms of power of attorney may be used. (2) the form includes specific limitations on, or additions to, the powers of the attorney in fact or agent.Īcts 2013, 83rd Leg., R.S., Ch. (1) one or more of the categories of optional powers listed in the form prescribed by Section 752.051 are not initialed or A power of attorney is valid with respect to meeting the requirements for a statutory durable power of attorney regardless of the fact that: (b) A power of attorney in substantially the form prescribed by Section 752.051 has the meaning and effect prescribed by this subtitle.Īdded by Acts 2011, 82nd Leg., R.S., Ch. (a) A person may use a statutory durable power of attorney to grant an attorney in fact or agent powers with respect to a person's property and financial matters. USE, MEANING, AND EFFECT OF STATUTORY DURABLE POWER OF ATTORNEY. GENERAL PROVISIONS REGARDING STATUTORY DURABLE POWER OF ATTORNEY ESTATES OF DECEDENTS DURABLE POWERS OF ATTORNEYĬHAPTER 752.
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