A power of attorney is a legal document that permits you to name another person or organization to act as your agent for issues related to property finance or medical concerns.
Durable power printable power of attorney form texas.
Durable power of attorney act it clearly states that an adult resident of texas may designate another person as his attorney in fact or agent to perform certain actions or to make decisions on behalf of the principal.
They are explained in the durable power of attorney act subtitle p title 2 estates code.
If you have any questions about these powers obtain competent legal advice.
A durable power of attorney is a designation that is given to someone else to be able to handle financial transactions on their behalf.
The term durable means that if the principal would become incapacitated or no longer be able to think for themselves that the form would remain valid and in effect unlike general power of attorney.
Depending on your needs you may need one or more of the following types of powers of attorney.
Durable medical limited general financial parental.
Texas powers of attorney.
Texas durable statutory power of attorney form can be used to designate another person usually called an agent s or an attorney s in fact to represent your monetary interests and act on your behalf.
The texas durable financial power of attorney also known as the statutory form can be used to designate powers to another person for monetary reasons that are broad and sweeping.
It does not permit the agent to make decisions about the principal s health care.
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This particular document remains effective for financial use even if the principal should be in a position where they cannot think for themselves.
The decisions they make would be binding as if you had made the decisions yourself.
It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.
The powers granted by this document are broad and sweeping.
The texas durable financial power of attorney also known as the statutory form can be used to designate powers to another person for monetary reasons that are broad and sweeping.
The texas power of attorney is defined in the texas statutes chapter xii.
How long does it last.
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Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
Both the principal and the agent need to sign the form in front of a notary for it to be considered valid.