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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.
Durable power of attorney texas pdf. With this much responsibility and authority over your financial affairs it is vital that you carefully. The powers granted by this document are broad and sweeping they are explained in the durable power of attorney act subtitle p title 2 of the texas estates code if you have any questions about these powers obtain competent legal advice this document does not authorize anyone to make medical and other health. Statutory durable power of attorney. The texas power of attorney is defined in the texas statutes chapter xii.
There are also special forms referred to as durable that allow the document to remain effective even if the. They are explained in the durable power of attorney act subtitle p title 2 estates code. The duration of such power of attorney does not lapse unless the time specification is. The decisions they make would be binding as if you had made the decisions yourself.
The texas durable financial power of attorney form is a legal document that is prepared by a principal that would create a relationship between an attorney in fact agent to whom the principal would authorize powers for the agent to manage specific or all powers over their business and financials. The powers granted by this document are broad and sweeping. 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. Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice.
Durable power of attorney act it clearly states that an adult resident of texas may designate another person as his attorney in fact or agent to perform certain actions or to make decisions on behalf of the principal. 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. Texans can dial 2 1 1 option 6 for information on covid 19 and local resources on health care utilities food housing and more.
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