General Power Of Attorney Form Texas
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Texas general financial power of attorney form is a universal power of attorney that allows you to grant broad powers to the person of your choice to handle your affairs it covers a wide range of authorities so it is important that you think carefully about who you would choose for this role.
General power of attorney form texas. The form grants the exact same powers to the agent as the durable form except that this document does not remain in effect if the principal should. The form grants the exact same powers to the agent as the durable form except that this document does not remain in effect if the principal should become incapacitated and unable to think for themselves. A power of attorney is a written document that authorizes someone referred to as the agent to make decisions or take actions on someone else s known as the principal behalf. It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.
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. Adobe pdf signing requirement 751 0021. It does not permit the agent to make decisions about the principal s health care. The texas general power of attorney form grants broad powers to an individual selected to handle business affairs representation and all real personal and property actions on another s behalf.
Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code. Principal s signature must be acknowledged by a notary public. 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. General financial power of attorney this is also a type that allows you to confer broad financial powers however unlike the durable form it terminates automatically if you become incapacitated.
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