A financial power of attorney is the same as a statutory durable power of attorney.
Texas statutory durable power of attorney form free.
Texas power of attorney forms.
Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
Statutory durable power of attorney.
It is up to the principal to decide how much power is given.
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 s statutory form of durable power of attorney is found in section 752 051 of the texas estates code.
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.
There are also special forms referred to as durable that allow the document to remain effective even if the.
The powers granted by this document are broad and sweeping.
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.
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However this cancellation is not effective until you serve a written.
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.
The new statutory form in texas features a lengthy notice at the top to inform readers that the document grants sweeping powers.
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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.
The powers granted by this document are broad and sweeping.
It does not permit the agent to make decisions about the principal s health care.
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.
Form of statutory durable power of attorney.
The following form is known as a statutory durable power of attorney.
If you have any questions about these powers obtain competent legal advice.
With this much responsibility and authority over your financial affairs it is vital that you carefully.