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 this particular document remains effective for financial use even if the principal should be in a position where they cannot think for themselves.
Pdf free printable durable power of attorney form texas.
If you have any questions about these powers obtain competent legal advice.
Texas power of attorney forms.
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The duration of such power of attorney does not lapse unless the time specification is.
Texas durable power of attorney basic is a legal instrument you sign and execute to grant powers to attorney in fact to carry out financial transactions on your behalf in case a physician declares you incapacitated to do so on a later date of executing statutory power of attorney under directives prescribed in section 752 051 of the texas estates code.
Word docx or adobe pdf after downloading the form sign only against those financial powers you wish to transfer to your agent.
A general power of attorney form is one where the scope and control of the agent is broader such is the case with a health care or medical power of attorney.
Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
Texas financial power of attorney.
There are also special forms referred to as durable that allow the document to remain effective even if the.
The decisions they make would be binding as if you had made the decisions yourself.
The powers granted by this document are broad and sweeping.
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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.
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.
A limited power of attorney form is one wherein the duties and tasks to be performed by the agent in behalf of the principal are specified and limited only.
A financial power of attorney document gives an agent you appoint the power to make financial decisions and execute them on your behalf.
With this much responsibility and authority over your financial affairs it is vital that you carefully.