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.
Statutory durable power of attorney texas.
In texas there are several kinds of powers of attorney that will grant the agent the right to accomplish different things on the principal s 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 this particular document remains effective for financial use even if the principal should be in a position where they cannot think for themselves.
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.
Statutory durable power of attorney.
Statutory durable power of attorney.
They are explained in the durable power of.
They are explained in the durable power of attorney act subtitle p title 2 estates code.
Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
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.
B a power of attorney in substantially the form prescribed by section 752 051 has the meaning and effect prescribed by this subtitle.
It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.
In texas one way to do this is through a statutory durable power of attorney.
This particular document remains effective for financial use even if the principal should be in a position where they cannot think for themselves.
Generally a power of attorney allows you to designate an agent to perform specific functions on your behalf.
The decisions they make would be binding as if you had made the decisions yourself.
With this much responsibility and authority over your financial affairs it is vital that you carefully.
It does not permit the agent to make decisions about the principal s health care.
A power of attorney is a written document that authorizes someone referred to as the agent to make decisions or take actions on someone else s known as the principal behalf.
If you have any questions about these powers obtain competent legal advice.
The powers granted by this document are broad and sweeping.
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Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code.
Under the texas estates code statutory durable power of attorney can be used to appoint an agent to make certain financial decisions for you should you be.
