![]() Durable Power Of Attorney Printable FormsCreate Document A Durable Power of Attorney is a form that allows a person, most often elderly (known as the “Principal”) to appoint a close friend or relative (this person is known as the “Agent”) to oversee legal and financial matters on their behalf. The term “Durable” implies that the Agent’s responsibilities will stay intact if the Principal becomes incapacitated. This form is for financial purposes only. If you are looking to cover health care decisions you must complete the. By State • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Table of Contents • • • • • • • • • What is a Durable Power of Attorney? A Durable Power of Attorney (form) is for anyone wanting another person to handle matters on their behalf when incapacitated. It’s by far the most popular out of all the power of attorney types because it has the “durable” (allows the powers given to the agent to remain valid in the event of Principal’s incapacitation) aspect, which most people are looking for when creating a power of attorney. Also referred to as a “Durable POA” and “Dual Power of Attorney” Financial Powers • Banking – Deposits and withdrawals • Lending/Borrowing – Making notes and borrowing money. • Safe Deposit Box – Access, creation, and termination. • Government Benefits – Including but not limited to health care, social security payments, etc. • Retirement Plans – Such as 401(k)’s. • Taxes – State and federal. • Legal Advice and Proceedings – Filing forms with the court or handling legal proceedings. Printable Durable Power Of Attorney Form Texas• Real Estate – Buying, selling, and the leasing of property. • Personal Property – The handling of all personal assets. • Gifts – The power to make gifts. • Insurance – Obtaining insurance and/or proceeds. How to Get Durable Power of Attorney Getting a durable power of attorney will require the principal to find someone that they can trust to handle their assets if they should not be able to handle it themselves. This means that the person(s) selected should be trustworthy fully capable to make decisions and handle the affairs of the principal. Durable Power Of Attorney TexasDurable Power of Attorney Forms- Some Basics Using a power of attorney form you can manage a lot of things like appointing someone to look after your finance, taxation, your business, medical etc. A durable power of attorney is an agreement that gives you the power of taking a decision on almost everything that is covered in the agreement even. A Durable Power of attorney can be revoked or changed anytime by signing a Revocation of POA Form provided the principal is of sound mind and fully capable of making his own decisions. If the principal has not revoked the POA it remains active till the death of the Principal.
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