This is a limited power of attorney for the State of Texas. You specify the powers you desire to give to your agent. Sample powers are attached to the form for illustration only and should be deleted after you complete the form with the powers you desire. The form contains an acknowledgment in the event the form is to be recorded.
Austin Texas Limited Power of Attorney is a legal document that grants a person, referred to as the "principal," the ability to appoint someone else, known as the "agent" or "attorney-in-fact," to act on their behalf and make decisions on specific matters or perform certain actions. This type of power of attorney is "limited" because it restricts the agent's authority to only the powers specified within the document. There are several types of Austin Texas Limited Power of Attorney that allow the principal to specify powers based on their needs and requirements. The powers can be tailored to specific situations, ensuring that the agent carries out the principal's wishes. Some commonly used sample powers in Austin Texas Limited Power of Attorney may include: 1. Financial Management: This power authorizes the agent to handle the principal's financial affairs, such as managing bank accounts, signing checks, paying bills, and handling tax-related matters. 2. Real Estate Transactions: This power allows the agent to buy, sell, lease, or mortgage real estate properties on behalf of the principal. The agent may also handle property management, including collecting rents or making repairs. 3. Personal and Family Matters: This power enables the agent to handle personal matters on behalf of the principal, including signing contracts, accessing safe deposit boxes, managing investments, or making decisions related to healthcare or education. 4. Legal Matters: This power grants the agent authority to represent the principal in legal matters, such as signing legal documents, initiating or defending lawsuits, and settling legal disputes. 5. Vehicle or Vessel Transactions: This power authorizes the agent to handle matters related to vehicles or vessels, such as buying, selling, transferring, or registering them. It is essential to understand that these sample powers are just examples, and the principal can customize the document to include specific powers that align with their circumstances. The Austin Texas Limited Power of Attorney can be further categorized based on the scope and duration of powers, such as: 1. General Limited Power of Attorney: This grants the agent broad powers to act on behalf of the principal in various specified matters and transactions. 2. Financial Limited Power of Attorney: This focuses on financial affairs, authorizing the agent to handle the principal's financial transactions as mentioned earlier. 3. Medical Limited Power of Attorney: This grants the agent the authority to make healthcare decisions on behalf of the principal when they are unable to do so due to incapacitation. 4. Durable Limited Power of Attorney: This type of power of attorney remains in effect even if the principal becomes mentally or physically incapacitated and cannot make decisions on their own. 5. Springing Limited Power of Attorney: This power of attorney only becomes effective upon the occurrence of specific events or conditions specified in the document. For example, it may come into effect if the principal is declared mentally incapacitated by a licensed physician. When creating an Austin Texas Limited Power of Attorney, it is recommended to consult with a qualified attorney to ensure that the document complies with applicable laws and accurately reflects the principal's intentions.Austin Texas Limited Power of Attorney is a legal document that grants a person, referred to as the "principal," the ability to appoint someone else, known as the "agent" or "attorney-in-fact," to act on their behalf and make decisions on specific matters or perform certain actions. This type of power of attorney is "limited" because it restricts the agent's authority to only the powers specified within the document. There are several types of Austin Texas Limited Power of Attorney that allow the principal to specify powers based on their needs and requirements. The powers can be tailored to specific situations, ensuring that the agent carries out the principal's wishes. Some commonly used sample powers in Austin Texas Limited Power of Attorney may include: 1. Financial Management: This power authorizes the agent to handle the principal's financial affairs, such as managing bank accounts, signing checks, paying bills, and handling tax-related matters. 2. Real Estate Transactions: This power allows the agent to buy, sell, lease, or mortgage real estate properties on behalf of the principal. The agent may also handle property management, including collecting rents or making repairs. 3. Personal and Family Matters: This power enables the agent to handle personal matters on behalf of the principal, including signing contracts, accessing safe deposit boxes, managing investments, or making decisions related to healthcare or education. 4. Legal Matters: This power grants the agent authority to represent the principal in legal matters, such as signing legal documents, initiating or defending lawsuits, and settling legal disputes. 5. Vehicle or Vessel Transactions: This power authorizes the agent to handle matters related to vehicles or vessels, such as buying, selling, transferring, or registering them. It is essential to understand that these sample powers are just examples, and the principal can customize the document to include specific powers that align with their circumstances. The Austin Texas Limited Power of Attorney can be further categorized based on the scope and duration of powers, such as: 1. General Limited Power of Attorney: This grants the agent broad powers to act on behalf of the principal in various specified matters and transactions. 2. Financial Limited Power of Attorney: This focuses on financial affairs, authorizing the agent to handle the principal's financial transactions as mentioned earlier. 3. Medical Limited Power of Attorney: This grants the agent the authority to make healthcare decisions on behalf of the principal when they are unable to do so due to incapacitation. 4. Durable Limited Power of Attorney: This type of power of attorney remains in effect even if the principal becomes mentally or physically incapacitated and cannot make decisions on their own. 5. Springing Limited Power of Attorney: This power of attorney only becomes effective upon the occurrence of specific events or conditions specified in the document. For example, it may come into effect if the principal is declared mentally incapacitated by a licensed physician. When creating an Austin Texas Limited Power of Attorney, it is recommended to consult with a qualified attorney to ensure that the document complies with applicable laws and accurately reflects the principal's intentions.
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.
