A Texas power of attorney allows one person to choose another to stand in their place and act on their behalf as if they themselves were acting. The person doing the appointing is called the “principal” and the person they appoint to act for them is called the “agent” or “attorney-in-fact”. There are many types of powers of attorney depending on the situation. Some powers of attorney allow you to confer all of your financial power to another, while others are for more limited situations, such as titling your vehicle. In all cases, you should think about who you want to act as your agent, because they will have a lot of responsibility over your affairs.
Durable (Financial) Power of Attorney – This is a type that confers broad financial powers on your chosen representative. It also will continue to be effect if you become incapacitated, unless you revoke it before.
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.
Limited Power of Attorney – This form of POA is less broad and can be tailored to meet your specific need to appoint a representative for a limited transaction.
Medical (Health Care) Power of Attorney – This form gives you the ability to designate a loved one to handle your health care issues and decisions in the event you can no longer communicate your wishes.
Guardian of Minor Power of Attorney – For the use of a parent who would like to delegate the care of their son or daughter in the care of someone else. If the parent would only like to select someone else, in the chance they become incapacitated, they should fill-in the Designation of Guardian for Incapacitation.
Real Estate Power of Attorney – Choose an agent to negotiate and handle the transaction of real property. This form may also be used to choose someone to make decisions on the repairs, leasing, and evictions of the premises.
Revocation of Power of Attorney – This form is used when you have an existing POA that you wish to terminate. Make sure that your agents have a copy of this signed form so that there is no question that they are no longer to act under the original POA.
Tax Power of Attorney (Form 86-113) – This form is for use when you wish to designate a tax professional to handle your tax matters.
Vehicle Power of Attorney (Form VTR-271) – This form is for use when you wish to designate someone to handle your vehicle issues with the Texas Department of Motor Vehicles
How to Write
Step 1 – What is your situation? Are you looking to convey broad financial powers, or do you need a representative for a limited issue. No matter what your situation, it is important that you review and consider thsv-servis24.ru in order to determine which one best fits your needs.
Step 2 – Most importantly, consider carefully the person you would like to designate as your representative. In all cases, it is important that they be trustworthy, reliable and have your best interest at heart. In addition, there may be instances where you want someone that has expertise in some area. Also, once you have settled on a representative for your situation, it is important to consult with them to make sure they are ready, willing and able to take on the role.
Step 3 – You should also look at the signature page of your chosen document. Somsv-servis24.ru require a notary, witnesses or both to witness your signature and acknowledge your identity. Have these signatories in place when you are ready to execute the document.