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Statutory durable power of attorney.

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Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice. Texas power of attorney forms. 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. Form of statutory durable power of attorney.

Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code. Texans can dial 2 1 1 option 6 for information on covid 19 and local resources on health care utilities food housing and more. The powers granted by this document are broad and sweeping. A financial power of attorney is the same as a 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. With this much responsibility and authority over your financial affairs it is vital that you carefully. It does not permit the agent to make decisions about the principal s health care. It gives the agent power that is related only to the principal s personal and financial matters.

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. The new statutory form in texas features a lengthy notice at the top to inform readers that the document grants sweeping powers. The decisions they make would be binding as if you had made the decisions yourself. The following form is known as a statutory durable power of attorney.

It is up to the principal to decide how much power is given. Find a testing site. If you have any questions about these powers obtain competent legal advice. They are explained in the durable power of attorney act subtitle p title 2 estates code.

They are explained in the durable power of attorney act subtitle p title 2 estates code. 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. There are also special forms referred to as durable that allow the document to remain effective even if the. The powers granted by this document are broad and sweeping.

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