This form is a durable power of attorney. The form provides that the agent of the principal is only authorized to use the principal's funds for the best interest of the principal. If the agent fails to comply with principal's instructions, the agent then may be liable for criminal charges or civil liability.
Tempe, Arizona Durable Power of Attorney is a legal document that grants authority to an appointed individual, known as the agent or attorney-in-fact, to make decisions and act on behalf of the principal, even if the principal becomes incapacitated or unable to communicate. This legally binding document enables the agent to manage financial, legal, and healthcare matters on behalf of the principal. There are two major types of Tempe, Arizona Durable Power of Attorney: 1. Financial Durable Power of Attorney: This type of power of attorney grants the agent the authority to handle the principal's financial affairs, including managing bank accounts, paying bills, filing taxes, operating business transactions, and managing investments, among other financial matters. 2. Healthcare Durable Power of Attorney: With this type of power of attorney, the agent is authorized to make healthcare decisions on behalf of the principal, should they become unable to do so themselves. The agent has the power to consent, refuse, or withdraw consent to any medical treatment, procedure, or hospitalization, in accordance with the principal's wishes. It is worth noting that a Tempe, Arizona Durable Power of Attorney can also be "limited" or "general." A limited power of attorney grants the agent specific powers and limits their authority to a particular area, such as managing real estate transactions. On the other hand, a general power of attorney provides the agent with broader authority to handle various aspects of the principal's affairs. Creating a Tempe, Arizona Durable Power of Attorney requires adherence to the state laws and regulations. It is advisable to consult with an experienced attorney to ensure compliance and customize the document to fit individual needs and preferences. Having a Tempe, Arizona Durable Power of Attorney is crucial for individuals who want to ensure their financial and healthcare decisions are managed effectively, even if they are unable to do so themselves. This legal instrument provides peace of mind and serves as a valuable tool for managing affairs during incapacitation or when unable to communicate.Tempe, Arizona Durable Power of Attorney is a legal document that grants authority to an appointed individual, known as the agent or attorney-in-fact, to make decisions and act on behalf of the principal, even if the principal becomes incapacitated or unable to communicate. This legally binding document enables the agent to manage financial, legal, and healthcare matters on behalf of the principal. There are two major types of Tempe, Arizona Durable Power of Attorney: 1. Financial Durable Power of Attorney: This type of power of attorney grants the agent the authority to handle the principal's financial affairs, including managing bank accounts, paying bills, filing taxes, operating business transactions, and managing investments, among other financial matters. 2. Healthcare Durable Power of Attorney: With this type of power of attorney, the agent is authorized to make healthcare decisions on behalf of the principal, should they become unable to do so themselves. The agent has the power to consent, refuse, or withdraw consent to any medical treatment, procedure, or hospitalization, in accordance with the principal's wishes. It is worth noting that a Tempe, Arizona Durable Power of Attorney can also be "limited" or "general." A limited power of attorney grants the agent specific powers and limits their authority to a particular area, such as managing real estate transactions. On the other hand, a general power of attorney provides the agent with broader authority to handle various aspects of the principal's affairs. Creating a Tempe, Arizona Durable Power of Attorney requires adherence to the state laws and regulations. It is advisable to consult with an experienced attorney to ensure compliance and customize the document to fit individual needs and preferences. Having a Tempe, Arizona Durable Power of Attorney is crucial for individuals who want to ensure their financial and healthcare decisions are managed effectively, even if they are unable to do so themselves. This legal instrument provides peace of mind and serves as a valuable tool for managing affairs during incapacitation or when unable to communicate.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
