Texas 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 Texas General Power of Attorney with No Durability Provision — Short Form is a legal document that grants someone else, known as the agent or attorney-in-fact, the authority to act on behalf of the principal in various financial and legal matters. This type of power of attorney does not remain effective if the principal becomes incapacitated or mentally incompetent. The Texas General Power of Attorney with No Durability Provision — Short Form is designed to provide a concise and straightforward way for individuals in Texas to grant someone else the power to handle their affairs for a limited duration or specific purpose. Here are a few key points to know about this type of power of attorney: 1. Scope of Authority: The agent's powers can be wide-ranging and can include managing bank accounts, investing in property, making business transactions, accessing safe deposit boxes, filing taxes, and handling legal matters such as signing contracts or initiating lawsuits. However, the specific tasks or limitations of authority can be defined and customized according to the principal's preferences. 2. No Durability Provision: The absence of a durability provision means that the power of attorney ceases to be effective if the principal becomes mentally incapacitated or unable to make decisions. It is crucial to note that in such cases, a durable power of attorney is required to ensure the agent's authority remains intact. 3. Revocability: The principal retains the right to revoke or terminate the power of attorney at any time, as long as they are mentally competent to do so. This revocation can be done verbally or in writing. 4. Witness and Notary Requirements: To make the Texas General Power of Attorney with No Durability Provision — Short Form legally valid, it must be signed by the principal in the presence of two witnesses and a notary public. Different variations or specialized types of Texas General Power of Attorney with No Durability Provision — Short Form may include: 1. Limited Power of Attorney: This type grants the agent authority over specific tasks or within a predefined timeframe. For example, it could be limited to handling real estate transactions or managing financial matters during the principal's absence. 2. Medical Power of Attorney: While not specific to the General Power of Attorney with No Durability Provision — Short Form, a separate document known as Medical Power of Attorney allows the appointment of an agent to make medical decisions on behalf of the principal if they become unable to communicate or make decisions. When considering a Texas General Power of Attorney with No Durability Provision — Short Form, it is essential to consult an attorney familiar with Texas state laws and regulations to ensure the document accurately reflects the principal's intentions and complies with all legal requirements.

A Texas General Power of Attorney with No Durability Provision — Short Form is a legal document that grants someone else, known as the agent or attorney-in-fact, the authority to act on behalf of the principal in various financial and legal matters. This type of power of attorney does not remain effective if the principal becomes incapacitated or mentally incompetent. The Texas General Power of Attorney with No Durability Provision — Short Form is designed to provide a concise and straightforward way for individuals in Texas to grant someone else the power to handle their affairs for a limited duration or specific purpose. Here are a few key points to know about this type of power of attorney: 1. Scope of Authority: The agent's powers can be wide-ranging and can include managing bank accounts, investing in property, making business transactions, accessing safe deposit boxes, filing taxes, and handling legal matters such as signing contracts or initiating lawsuits. However, the specific tasks or limitations of authority can be defined and customized according to the principal's preferences. 2. No Durability Provision: The absence of a durability provision means that the power of attorney ceases to be effective if the principal becomes mentally incapacitated or unable to make decisions. It is crucial to note that in such cases, a durable power of attorney is required to ensure the agent's authority remains intact. 3. Revocability: The principal retains the right to revoke or terminate the power of attorney at any time, as long as they are mentally competent to do so. This revocation can be done verbally or in writing. 4. Witness and Notary Requirements: To make the Texas General Power of Attorney with No Durability Provision — Short Form legally valid, it must be signed by the principal in the presence of two witnesses and a notary public. Different variations or specialized types of Texas General Power of Attorney with No Durability Provision — Short Form may include: 1. Limited Power of Attorney: This type grants the agent authority over specific tasks or within a predefined timeframe. For example, it could be limited to handling real estate transactions or managing financial matters during the principal's absence. 2. Medical Power of Attorney: While not specific to the General Power of Attorney with No Durability Provision — Short Form, a separate document known as Medical Power of Attorney allows the appointment of an agent to make medical decisions on behalf of the principal if they become unable to communicate or make decisions. When considering a Texas General Power of Attorney with No Durability Provision — Short Form, it is essential to consult an attorney familiar with Texas state laws and regulations to ensure the document accurately reflects the principal's intentions and complies with all legal requirements.