District of Columbia General Power of Attorney with No Durability Provision - Short Form

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• Control #: US-OG-192
• Format: Word; Rich Text

Description

This forms is used by a Principal to appoint an Agent as Principal's true and lawful Agent and Attorney in Fact for Principal and in Principal's name, place and stead, for the purposes of transacting any business on behalf of Principal. A District of Columbia General Power of Attorney with No Durability Provision — Short Form is a legal document that grants an individual, referred to as the "principal," the ability to appoint someone else, known as the "attorney-in-fact" or "agent," to handle their financial and legal affairs. This power of attorney form is specifically designed for use in the District of Columbia jurisdiction and does not include a durability provision, meaning it will expire if the principal becomes incapacitated or mentally incompetent. The District of Columbia General Power of Attorney with No Durability Provision — Short Form allows the principal to appoint an agent to carry out various responsibilities such as managing bank accounts, making investments, paying bills, filing taxes, and handling real estate transactions on their behalf. The principal can outline specific powers and limitations for the agent through this document, ensuring that the agent acts within the boundaries set by the principal. Different types or variations of the District of Columbia General Power of Attorney with No Durability Provision — Short Form may include: 1. Limited Power of Attorney: This type restricts the agent's powers to a specific task or a set of tasks. For example, the principal may grant the agent the authority to sell a property on their behalf but not handle any other financial matters. 2. Springing Power of Attorney: Unlike the standard Short Form, a springing power of attorney only comes into effect when a specific event occurs, such as the principal becoming incapacitated. This type ensures that the agent's powers are activated only when necessary. 3. Special Power of Attorney: This form grants the agent authority for a specific limited purpose or timeframe, such as signing documents related to a specific business transaction or while the principal is out of the country. Regardless of the type, it is crucial for the principal to carefully consider their choice of agent, ensuring that the individual is trustworthy, reliable, and capable of handling the assigned responsibilities. Seeking legal advice when drafting a District of Columbia General Power of Attorney with No Durability Provision — Short Form is highlrecommended ensuringre compliance with the jurisdiction's specific requirements and laws.

A District of Columbia General Power of Attorney with No Durability Provision — Short Form is a legal document that grants an individual, referred to as the "principal," the ability to appoint someone else, known as the "attorney-in-fact" or "agent," to handle their financial and legal affairs. This power of attorney form is specifically designed for use in the District of Columbia jurisdiction and does not include a durability provision, meaning it will expire if the principal becomes incapacitated or mentally incompetent. The District of Columbia General Power of Attorney with No Durability Provision — Short Form allows the principal to appoint an agent to carry out various responsibilities such as managing bank accounts, making investments, paying bills, filing taxes, and handling real estate transactions on their behalf. The principal can outline specific powers and limitations for the agent through this document, ensuring that the agent acts within the boundaries set by the principal. Different types or variations of the District of Columbia General Power of Attorney with No Durability Provision — Short Form may include: 1. Limited Power of Attorney: This type restricts the agent's powers to a specific task or a set of tasks. For example, the principal may grant the agent the authority to sell a property on their behalf but not handle any other financial matters. 2. Springing Power of Attorney: Unlike the standard Short Form, a springing power of attorney only comes into effect when a specific event occurs, such as the principal becoming incapacitated. This type ensures that the agent's powers are activated only when necessary. 3. Special Power of Attorney: This form grants the agent authority for a specific limited purpose or timeframe, such as signing documents related to a specific business transaction or while the principal is out of the country. Regardless of the type, it is crucial for the principal to carefully consider their choice of agent, ensuring that the individual is trustworthy, reliable, and capable of handling the assigned responsibilities. Seeking legal advice when drafting a District of Columbia General Power of Attorney with No Durability Provision — Short Form is highlrecommended ensuringre compliance with the jurisdiction's specific requirements and laws.