Financial Power Of Attorney Texas

Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code.

Financial power of attorney texas.

Texas power of attorney forms. It does not permit the agent to make decisions about the principal s health care. 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 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.

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. Texas financial durable power of attorney form is a legal instrument intended to grant powers to an agent attorney in fact to act on your behalf as if you were present during the action. Adobe pdf ms word docx opendocument signing requirement 751 0021. The form is flexible you can grant unlimited financial powers or only a small number by placing your initials in front of each.

Texans can dial 2 1 1 option 6 for information on covid 19 and local resources on health care utilities food housing and more. A power of attorney for finances can be a very useful tool. Principal s signature must be acknowledged by a notary public. With this much responsibility and authority over your financial affairs it is vital that you carefully.

Texas has separate power of attorney requirements for financial matters and for healthcare. A power of attorney is a written document that authorizes someone referred to as the agent to make decisions or take actions on someone else s known as the principal behalf. Find a testing site. It is a financial durable power of attorney this means that it only allows the agent to handle financial matters.

Texas statutory power of attorney form pdf. It will also continue to be in effect if you become incapacitated unless you revoke it before. 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. The durable power of attorney act chapter xii texas probate code has directives about the governance of the power of attorney along with sweeping and broad.

You can authorize someone to manage almost any financial or property matter of yours. Durable financial power of attorney this is a type that confers broad financial powers on your chosen representative.