This is a limited power of attorney for California. 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.
A San Jose California Limited Power of Attorney where you specify powers is a legal document that grants authority to an individual, known as the attorney-in-fact or agent, to act on behalf of another person, referred to as the principal. This type of power of attorney allows the agent to carry out specific tasks and make decisions according to the principal's instructions. In San Jose, California, there are various types of limited power of attorney documents based on the specific powers being granted. Some commonly used types include: 1. Financial Power of Attorney: This type grants the agent authority to manage the principal's financial affairs, such as banking transactions, paying bills, and managing investments. Sample powers included in a financial power of attorney might include: — Making deposits and withdrawals from the principal's bank accounts. — Managing investments, including buying and selling stocks and bonds on the principal's behalf. — Paying bills, including utilities, rent, and mortgages. — Filing tax returns and interacting with the Internal Revenue Service (IRS) on the principal's behalf. — Opening and closing financial accounts. 2. Real Estate Power of Attorney: With this type, the agent has the power to handle real estate matters on behalf of the principal, including property management, buying or selling property, and signing lease agreements. Sample powers included in a real estate power of attorney might include: — Buying, selling, and exchanging real estate property. — Entering into lease agreements and managing rental properties. — Obtaining mortgages and other financing options for the principal. — Executing deeds or other legal documents related to real estate transactions. — Hiring contractors, repairmen, or property managers on the principal's behalf. 3. Medical Power of Attorney: This type grants the agent the power to make medical decisions for the principal if they become unable to make them themselves. It is typically used when the principal is incapacitated or declared incompetent. Sample powers included in a medical power of attorney might include: — Making decisions regarding medical treatment and procedures. — Consent to or refuse medical tests, surgeries, or medication. — Accessing medical records and other health information. — Choosing healthcare providers, nursing homes, or rehabilitation centers. — Making end-of-life decisions and determining the principal's desired medical care. These are just a few examples of the different types of limited power of attorney documents that can be used in San Jose, California. It is crucial to consult an attorney experienced in California law to ensure that the power of attorney is drafted correctly and covers all necessary and relevant powers based on individual circumstances.
