A Houston Texas Statutory General Power of Attorney with Durable Provisions is a legal document that grants a designated representative (known as an agent or attorney-in-fact) the authority to make financial and legal decisions on behalf of the principal (the person granting the power of attorney). This document is governed by specific laws and regulations in the state of Texas, with a focus on durability, meaning it remains valid even if the principal becomes incapacitated or mentally incompetent. One type of Houston Texas Statutory General Power of Attorney with Durable Provisions is a Limited Power of Attorney. This grants the agent the authority to perform specific actions or make decisions related to the principal's finances or legal matters. It is typically valid for a specific period or a specific transaction. Another type is a General Power of Attorney, which grants the agent broader powers to handle the principal's financial affairs and legal matters, including managing bank accounts, paying bills, making investments, and selling or buying real estate. This type of power of attorney typically remains in effect until the principal revokes it or passes away. The Houston Texas Statutory General Power of Attorney with Durable Provisions may also include specific provisions that allow the agent to make healthcare decisions on behalf of the principal. This is commonly referred to as a Medical Power of Attorney or Healthcare Power of Attorney and gives the agent the authority to make medical treatment decisions in consultation with healthcare professionals. To create a Houston Texas Statutory General Power of Attorney with Durable Provisions, the principal must be at least 18 years old and of sound mind. The document must be signed in the presence of a notary public and two witnesses who are not directly named in the power of attorney. It is advisable to consult an attorney specializing in estate planning or elder law to ensure the power of attorney is properly drafted and executed. In summary, a Houston Texas Statutory General Power of Attorney with Durable Provisions is a legally binding agreement that allows an appointed representative to manage the financial and legal affairs of the principal in case of incapacity. Different types include Limited and General Power of Attorney, and it may also include provisions for healthcare decisions. Legal advice is recommended to ensure compliance with Texas laws and to customize the power of attorney to fit specific needs.
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.Houston Texas Poder General Estatutario con Disposiciones Duraderas - Texas Statutory General Power of Attorney with Durable Provisions
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