Durable Power Power Of Attorney Form Texas

Statutory durable power of attorney.

Durable power power of attorney form texas.

With this much responsibility and authority over your financial affairs it is vital that you carefully. The duration of such power of attorney does not lapse unless the time specification is. 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. Texas durable power of attorney basic is a legal instrument you sign and execute to grant powers to attorney in fact to carry out financial transactions on your behalf in case a physician declares you incapacitated to do so on a later date of executing statutory power of attorney under directives prescribed in section 752 051 of the texas estates code.

It is a financial durable power of attorney this means that it only allows the agent to handle financial matters. Statutory durable power of attorney. There are also special forms referred to as durable that allow the document to remain effective even if the. The decisions they make would be binding as if you had made the decisions yourself.

Texans can dial 2 1 1 option 6 for information on covid 19 and local resources on health care utilities food housing and more. 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. Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code. The powers granted by this document are broad and sweeping.

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 power of attorney forms. 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. If you have any questions about these powers obtain competent legal advice.

Statutory durable power of attorney 09 1 2017. They are explained in the durable power of attorney act subtitle p title 2 estates code. It does not permit the agent to make decisions about the principal s health care. The texas power of attorney is defined in the texas statutes chapter xii.

A durable power of attorney allows you to handle another person s financial decisions on their behalf all decisions made must be to the benefit of the person being represented. Find a testing site. The powers granted by this document are broad and sweeping. Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.