Nevada Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties

State:
Multi-State
Control #:
US-OG-021
Format:
Word; 
Rich Text
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Description

This power of attorney grants the agent/attorney in fact more comprehensive powers in dealing with oil and gas properties. By being durable, it allows the agent to execute oil and gas leases and otherwise deal with properties after the disability or incapacity of the principal/owner.
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FAQ

The power to make health care decisions for you may include consent, refusal of consent, or withdrawal of consent to any care, treatment, service, or procedure to maintain, diagnose, or treat a physical or mental condition. You may state in this document any types of treatment or placements that you do not desire.

Texas power of attorney requirements Be ?of sound mind,? meaning you understand the effects of making a POA. In the case of a financial POA, sign your POA in the presence of a notary public. In the case of a medical POA, sign your POA in the presence of a notary public or in front of two competent adult witnesses.

Is there more than one type of oil and gas lease? Yes, there are three types: a surface use lease, a non-surface use lease, and a dual purpose lease.

The power of attorney must be in writing and contain your signature to be effective. It may also ? but need not be ? notarized. The document may alternatively be witnessed by two adult witnesses who personally know you.

Steps for Making a Financial Power of Attorney in Nevada Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

The Nevada Revised Statutes (NRS 162A. 090) defines a Nevada power of attorney (POA) as a document allowing a principal (the ?principal?) to authorize another person (the ?successor agent? or ?attorney-in-fact?) to act on their behalf when making financial, medical, or legal decisions.

A Nevada real estate power of attorney form is a document that allows a real estate owner to legally appoint a selected agent/attorney-in-fact to handle matters on their behalf. This is a legal tool that will enable the named attorney-in-fact to handle business pertaining to the real property of the principal.

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Nevada Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties