Oregon 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
Instant download

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

A power of attorney remains in effect during your lifetime unless you revoke it or unless there are specific limits in the power of attorney. In Oregon, a power of attorney is durable, which means that it continues to be effective if you become financially incapable. The agent's authority ends when you die.

An Oregon Medical Power of Attorney is a legal document that gives a selected person or entity permission to make health-related decisions for you, such as refusing or accepting a certain medical treatment or procedure, if you cannot do so.

An Oregon durable power of attorney form lets an individual, the ?principal,? choose another person to handle their financial affairs on their behalf. The person selected, the ?agent?, should be a trusted person and is required to make all decisions to the benefit of the principal.

In Oregon, a power of attorney needs to be written and signed in front of two witnesses and notarized. Agreements, accounts, and other legal documents for the estate plan must be under the principal's name (the individual who signed a power of attorney).

This document gives the person(s) you designate the power to make any and all decisions for PERS-related matters on your behalf. This Power of Attorney takes effect on the date signed and supersedes any other POA on file with PERS.

The Oregon motor vehicle power of attorney (Form 735-500) is the DMV power of attorney used to grant titling and registration powers to an attorney. This document can only be completed by the owner(s) of the vehicle and can only be for one (1) vehicle.

Notarization Requirement While Oregon's power of attorney laws are silent on notarization, signing your POA in the presence of a notary public is very strongly recommended. Many financial institutions will not want to rely on a POA unless it has been notarized?a process that helps to authenticate the document.

In Oregon, a power of attorney needs to be written and signed in front of two witnesses and notarized. Agreements, accounts, and other legal documents for the estate plan must be under the principal's name (the individual who signed a power of attorney).

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