THIS POWER OF ATTORNEY is made this _____ day of __________, _______ by and between:
PRINCIPAL:
Name: _______________________
Address: _____________________
City, State, Zip Code: __________________
Phone: _______________________
Email: _______________________
ATTORNEY-IN-FACT:
Name: _______________________
Address: _____________________
City, State, Zip Code: __________________
Phone: _______________________
Email: _______________________
RECITALS:
WHEREAS, the Principal desires to appoint the Attorney-in-Fact to act on their behalf for certain matters as described below, with full authority to perform all acts necessary for the execution of the powers granted herein;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Principal hereby grants to the Attorney-in-Fact the full and irrevocable power and authority as follows:
1. Grant of Authority
The Principal grants to the Attorney-in-Fact the power to act in all matters concerning the Principal’s personal, financial, legal, and business affairs, including but not limited to:
1.1 Real Property Transactions: The authority to buy, sell, lease, mortgage, and otherwise deal with any and all real property owned by the Principal, including but not limited to executing deeds, leases, mortgages, and all related documents.
1.2 Financial and Banking Transactions: The power to manage all aspects of the Principal’s financial affairs, including managing and accessing bank accounts, writing checks, withdrawing funds, and signing documents related to investments and other financial instruments.
1.3 Business Affairs: The authority to manage, operate, and make decisions regarding any business or professional ventures of the Principal, including entering into contracts, negotiating agreements, and taking necessary actions to further the Principal’s business interests.
1.4 Healthcare and Medical Decisions: The authority to make healthcare decisions on behalf of the Principal, including but not limited to selecting healthcare providers, consenting to medical treatments, and accessing medical records, in the event that the Principal is unable to make such decisions themselves.
1.5 Legal and Tax Matters: The power to represent the Principal in legal proceedings, sign legal documents, appear before government agencies, and manage tax obligations including filing returns and making necessary payments.
1.6 Personal and Family Matters: The authority to make personal decisions on behalf of the Principal, including managing household affairs, acting as the Principal’s representative for legal or familial purposes, and taking actions necessary for the care and well-being of the Principal’s dependents or pets.
2. Effective Date
This Power of Attorney shall become effective immediately upon execution and shall remain in effect until revoked by the Principal in writing, or upon the Principal’s death.
3. Duration
This Power of Attorney is durable, meaning that the powers granted herein shall not be affected by the Principal’s subsequent disability, incapacity, or mental incompetence.
4. Liability of the Attorney-in-Fact
The Attorney-in-Fact shall act in good faith and in the best interest of the Principal. The Attorney-in-Fact shall not be liable for any losses, damages, or claims arising from actions taken in good faith in accordance with this Power of Attorney, unless those actions involve gross negligence or willful misconduct.
5. Revocation of Prior Powers of Attorney
This Power of Attorney revokes any prior Powers of Attorney granted by the Principal and supersedes all such prior documents unless otherwise specified herein.
6. General Provisions
6.1 Governing Law: This Power of Attorney shall be governed by and construed in accordance with the laws of the state of _____________.
6.2 Severability: If any provision of this Power of Attorney is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
6.3 Acknowledgment of Principal’s Understanding: By executing this Power of Attorney, the Principal acknowledges understanding of the powers granted herein and affirms that this document was signed voluntarily and without duress.
7. Signature of Principal
Signature of Principal
Date: _____________
8. Notary Acknowledgment
State of _____________
County of _____________
On this _____ day of _________, 20, before me, the undersigned, a Notary Public in and for the state and county aforesaid, personally appeared _______________________, known to me to be the person who executed the foregoing Power of Attorney, and acknowledged to me that they executed the same for the purposes therein expressed.
Notary Public
My commission expires: _____________