plane tickets, meals, putting money up front to hire an entity in your name, etc.) and sometimes Agents require compensation for their services. Naturally, there may be costs when an Agent is actively representing you (i.e. If you intend to grant principal power to the Agent in all these areas then, you may provide your approval in one fell swoop by initialing the blank space that precedes “(O) All Of The Powers…” It should be noted, that if you initial this statement, you may not initial statements “(A)” through “(N).” The “Special Instructions” section will address additional definitions including one for the reimbursement and compensation of your Agent. For instance if you wish to approve the Agent to have the authority to represent you for “Real Property Transactions,” “Tangible Property Transactions,” “Business Operating Transactions,” “Claims And Litigations,” and in your “Tax Matters” then initial the blank spaces that correspond with items “(A),” “(B),” “(F),” “(I),” and “(M).” See the example below. If you wish to grant the Agent the authority to represent you in some of these subject matters, but not all, then go through this list and initial each item the Agent should be granted authority in. Depending upon your needs, there are one of two ways you can approve of these powers. If you wish to approve the Agent to represent you in the area defined by one of these items, then you must initial the blank space that precedes it. Each of these items (A through O) will be preceded by a corresponding blank space. The first of these sections will present a list of general subjects. There will be a few sections dedicated to enabling you to fully describe in what areas of your life, you expect the Agent to represent your interests with principal power. You may do this by either extending the blank space with the appropriate software or you may cite a clearly labeled attachment that is coupled with this document by the time it is signed.ģ – Define How The Principal Power Should Be Used Make sure to include the name and address of every Co-Agent to this area as well. If you wish to appoint more than one Agent through this document, you may do so. Fill in his or her full name and address on the second blank space of this paragraph. Since this statement will declare your intention to delegate your authority for your Agent’s use, you will need to identify the Agent. You must present your full name and address on this line. Once you have read this introduction, locate the first blank line on this page. If anything remains unclear, then it would be advisable to consult a qualified professional (i.e. The first area in this document will deliver some important information related to appointing a power of attorney. You should select one of these file types, review its contents, then save it to an accessible folder on your machine. Notice that each of these labels is a file type (“PDF,” “Word,” and “ODT”). This page enables you to download the required template either through the links above or the buttons presented with the preview image. How to Writeĭownload: Adobe PDF, Microsoft Word (.docx) or OpenDocument (.odt)ġ – Download This Paperwork To Appoint An Agent With Power Of Attorney Texas’ statutory durable power of attorney form can be found within TX Est Code § 752.051. The principal is required to have their signature acknowledged before a notary public ( § 751.0021). “Durable power of attorney” means a writing or other record that complies with the requirements of Section 751.0021(a) or is described by Section 751.0021(b) ( TX Est Code § 751.002(4)). TX Est Code, Title 2, Subtitle P (Durable Powers of Attorney) Definition of “Durable Power of Attorney” Definition of “Durable Power of Attorney”.Versions (3)ĭownload: Adobe PDF, MS Word, OpenDocument Therefore, it’s imperative that the agent selected is a trusted individual such as a spouse, family member, or close friend. Under a “durable” form, the designation lasts until the death of the principal unless revoked. The decisions agent makes would be binding as if the principal had made the decisions themselves. A Texas durable statutory power of attorney form can be used to designate someone else (“agent”) to represent a person’s financial interests on their behalf.
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