Texas Statutory Durable Power Of Attorney Form Free
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Form of statutory durable power of attorney.
Texas statutory durable power of attorney form free. If you have any questions about these powers obtain competent legal advice. Texas power of attorney forms enables an individual to choose a trusting person called an agent or attorney in fact to make financial medical parental guardianship minor child and vehicle related decisions on their behalf. Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code. It gives the agent power that is related only to the principal s personal and financial matters.
The new statutory form in texas features a lengthy notice at the top to inform readers that the document grants sweeping powers. You as signing principal of a durable statutory or general power of attorney have rights under the texas probate code section 488 to issue a revocation instrument using form lht 96 1 revocation power of attorney form texas to cancel the said power 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. It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.
They are explained in the durable power of attorney act subtitle p title 2 estates code. The decisions they make would be binding as if you had made the decisions yourself. They are explained in the durable power of attorney act subtitle p title 2 estates code. However this cancellation is not effective until you serve a written.
It is up to the principal to decide how much power is given. With this much responsibility and authority over your financial affairs it is vital that you carefully. The powers granted by this document are broad and sweeping. There are also special forms referred to as durable that allow the document to remain effective even if the.
The following form is known as a statutory durable power of attorney. A financial power of attorney is the same as a statutory durable power of attorney. Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice. It does not permit the agent to make decisions about the principal s health care.
Statutory durable power of attorney. The powers granted by this document are broad and sweeping. Find a testing site. It also directs the reader to the durable power of attorney act which explains these powers and has a notice at the end stating that the agent assumes fiduciary and other legal duties by accepting the appointment.
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