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.
Texas statutory durable power of attorney form free.
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 powers granted by this document are broad and sweeping.
However this cancellation is not effective until you serve a written.
Texas power of attorney forms.
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.
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.
The following form is known as a statutory durable power of attorney.
The powers granted by this document are broad and sweeping.
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There are also special forms referred to as durable that allow the document to remain effective even if the.
Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
A financial power of attorney is the same as a statutory durable power of attorney.
Form of statutory durable power of attorney.
It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.
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Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code.
It gives the agent power that is related only to the principal s personal and financial matters.
Statutory durable power of attorney.
They are explained in the durable power of attorney act subtitle p title 2 estates code.
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.
If you have any questions about these powers obtain competent legal advice.
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.
With this much responsibility and authority over your financial affairs it is vital that you carefully.