This General Durable Power of Attorney for Property and Finances Effective upon Disability form is a general, durable power of attorney which is effective ONLY upon the principal's disability, incompetency or incapacity. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services.
League City Texas General Durable Power of Attorney for Property and Finances is a legal document that grants an individual (referred to as the "principal") the authority to appoint another person (known as the "attorney-in-fact" or "agent") to handle their property and financial matters. This power of attorney remains effective even if the principal becomes disabled or incapacitated. The League City Texas General Durable Power of Attorney for Property and Finances grants the agent comprehensive powers to manage, buy, sell, lease, and transfer the principal's real estate property, personal belongings, and financial assets. The agent can also handle banking transactions, manage investments, pay bills, file tax returns, and make healthcare decisions related to the principal's property and finances. There are various types of League City Texas General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability, including: 1. Limited Durable Power of Attorney: This type of power of attorney grants the agent specific and limited powers to handle only certain property and financial matters as specified in the document. It may be useful when the principal wants to delegate authority for a specific purpose or during a specific period. 2. Springing Durable Power of Attorney: This power of attorney becomes effective only upon the occurrence of a specific event or condition, usually the principal's disability or incapacity. It requires a designated person or professional to determine that the principal is incapacitated before the agent assumes authority. 3. Statutory Durable Power of Attorney: A statutory durable power of attorney is a standardized form provided by the state of Texas. It includes a comprehensive list of powers that the principal can authorize their agent to handle. This type offers simplicity and clarity, but it might not cover unique or specific situations, necessitating customization. 4. General Durable Power of Attorney: As the most common form of a durable power of attorney, this grants the agent broad authority to handle various property and financial matters on behalf of the principal. It remains effective until revoked by the principal or their death. It is crucial to consult with an attorney familiar with the laws of League City, Texas, when creating a General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability. They can provide guidance and ensure that the document is properly drafted, tailored, and compliant with the specific requirements and provisions under League City laws.League City Texas General Durable Power of Attorney for Property and Finances is a legal document that grants an individual (referred to as the "principal") the authority to appoint another person (known as the "attorney-in-fact" or "agent") to handle their property and financial matters. This power of attorney remains effective even if the principal becomes disabled or incapacitated. The League City Texas General Durable Power of Attorney for Property and Finances grants the agent comprehensive powers to manage, buy, sell, lease, and transfer the principal's real estate property, personal belongings, and financial assets. The agent can also handle banking transactions, manage investments, pay bills, file tax returns, and make healthcare decisions related to the principal's property and finances. There are various types of League City Texas General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability, including: 1. Limited Durable Power of Attorney: This type of power of attorney grants the agent specific and limited powers to handle only certain property and financial matters as specified in the document. It may be useful when the principal wants to delegate authority for a specific purpose or during a specific period. 2. Springing Durable Power of Attorney: This power of attorney becomes effective only upon the occurrence of a specific event or condition, usually the principal's disability or incapacity. It requires a designated person or professional to determine that the principal is incapacitated before the agent assumes authority. 3. Statutory Durable Power of Attorney: A statutory durable power of attorney is a standardized form provided by the state of Texas. It includes a comprehensive list of powers that the principal can authorize their agent to handle. This type offers simplicity and clarity, but it might not cover unique or specific situations, necessitating customization. 4. General Durable Power of Attorney: As the most common form of a durable power of attorney, this grants the agent broad authority to handle various property and financial matters on behalf of the principal. It remains effective until revoked by the principal or their death. It is crucial to consult with an attorney familiar with the laws of League City, Texas, when creating a General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability. They can provide guidance and ensure that the document is properly drafted, tailored, and compliant with the specific requirements and provisions under League City laws.
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.
