How to write a Power Of Attorney to make decisions concerning the property?
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i name the following persons as coagents:
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). You need not give to your agent all the authorities listed below and may give the agent only those limited powers that you specifically indicate. This power of attorney gives your agent the right to make limited decisions for you. You should very carefully weigh your decision as to what powers you give your agent. Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
If you choose to make a grant of limited authority, you should check the boxes that identify the specific authorization you choose to give your agent. This power of attorney does not authorize the agent to make health care decisions for you. You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent’s authority will continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you.
Your agent is not entitled to compensation unless you indicate otherwise in the special
instructions of this power of attorney. If you indicate that your agent is to receive compensation, your agent is entitled to reasonable compensation or compensation as specified in the Special Instructions.
This form provides for the designation of one agent. If you wish to name more than one agent you may name a coagent in the Special Instructions. Coagents are required to act together unanimously unless you specify otherwise in the Special Instructions. If your agent is unavailable or unwilling to act for you, your power of attorney will end unless you
have named a successor agent. You may also name a second successor agent. This power of attorney becomes effective immediately unless you state otherwise in the Special Instructions.
If you have questions about the power of attorney or the authority you are granting to your agent, you should seek legal advice before signing this form.
Name of Coagent:
Name of Coagent:
Coagent’s Telephone Number:
NONE DESIGNATION OF SUCCESSOR AGENT(S) (OPTIONAL) If my agent is unable or unwilling to act for me, I name as my successor agent: Name of Successor Agent:
If my successor agent is unable or unwilling to act for me, I name as my second successor agent: Name of Second Successor Agent:
GRANT OF GENERAL AUTHORITY I (“the principal”) grant my agent and any successor agent, with respect to each subject that I choose below, the authority to do all acts that I could do to: (1) Demand, receive, and obtain by litigation or otherwise, money or another thing of value to which the principal is, may become, or claims to be entitled, and conserve, invest, disburse, or use anything so received or obtained for the purposes intended (2) Contract with another person, on terms agreeable to the agent, to accomplish a purpose of a transaction and perform, rescind, cancel, terminate, reform, restate, release, or modify the contract or another contract made by or on behalf of the principal (3) Execute, acknowledge, seal, deliver, file, or record any instrument or communication the agent considers desirable to accomplish a purpose of a transaction, including creating a schedule contemporaneously or at a later time listing some or all of the principal’s property and attaching the schedule to this power of attorney (4) Initiate, participate in, submit to alternative dispute resolution, settl
Instead, we provide this standardized Power Of Attorney Form template with text and formatting as a starting point to help professionalize the way you are working. Our private, business, and legal document templates are regularly screened by professionals. If time or quality is of the essence, this ready-made template can help you to save time and to focus on the topics that really matter!
What are the Different Types of Power of Attorney?
- Non-Durable Power of Attorney.
- Lasting/Durable Power of Attorney.
- Special or Limited Power of Attorney.
- Springing Power of Attorney.
- Medical Power of Attorney.
We provide this professional POA template that will enable you to finish this Power of Attorney in minutes. Our POA templates are all screened by professionals. Using our legal templates will help you to reach the next level of success in your education, work, and business! However, we still recommend you consider consulting a local law firm in case of doubt to support you in this matter.