In texas there are several kinds of powers of attorney that will grant the agent the right to accomplish different things on the principal s behalf.
Statutory durable power of attorney texas.
If you have any questions about these powers obtain competent legal advice.
They are explained in the durable power of.
The powers granted by this document are broad and sweeping.
Statutory durable power of attorney.
A a person may use a statutory durable power of attorney to grant an attorney in fact or agent powers with respect to a person s property and financial matters.
This particular document remains effective for financial use even if the principal should be in a position where they cannot think for themselves.
They are explained in the durable power of attorney act subtitle p title 2 estates code.
In texas one way to do this is through a statutory durable power of attorney.
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.
The decisions they make would be binding as if you had made the decisions yourself.
B a power of attorney in substantially the form prescribed by section 752 051 has the meaning and effect prescribed by this subtitle.
It does not permit the agent to make decisions about the principal s health care.
It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.
With this much responsibility and authority over your financial affairs it is vital that you carefully.
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.
Generally a power of attorney allows you to designate an agent to perform specific functions on your behalf.
Statutory durable power of attorney 09 1 2017.
Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
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Statutory durable power of attorney.
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The powers granted by this document are broad and sweeping.
Under the texas estates code statutory durable power of attorney can be used to appoint an agent to make certain financial decisions for you should you be.
