Durable Power Of Attorney Template Texas

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.

Durable power of attorney template texas. The powers are durable which means the form remains valid even if the principal should become mentally incompetent. 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. A texas durable power of attorney is a formal document that creates a relationship between a person granting authority known as the principal and a person to whom authority is granted known as the agent or the attorney in fact. Home texas power of attorney forms and templates.

Texans can dial 2 1 1 option 6 for information on covid 19 and local resources on health care utilities food housing and more. It does not permit the agent to make decisions about the principal s health care. The term durable comes from the fact that this authorization continues over the grantor s finances if he or she were to become disabled or incapacitated. Durable power of attorney to grant power to bank accounts real estate and any other financial related acts.

There are also special forms referred to as durable that allow the document to remain effective even if the. Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code. Durable power of attorney act it clearly states that an adult resident of texas may designate another person as his attorney in fact or agent to perform certain actions or to make decisions on behalf of the principal. Limited tax refund limited tax audits parental guardianship.

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. The texas power of attorney is defined in the texas statutes chapter xii. A power of attorney is a legal document whereby you can authorize another person to perform financial or other actions for you just as you would be able to. A durable also known as a statutory power of attorney is an extended version of a general power of attorney because it goes beyond the parameters of a general power of attorney.

The decisions they make would be binding as if you had made the decisions yourself. It is a financial durable power of attorney this means that it only allows the agent to handle financial matters. Adobe pdf ms word docx. The duration of such power of attorney does not lapse unless the time specification is.

Texas power of attorney forms.