This General Durable Power of Attorney for Property and Finances Effective upon Disability form is a general, durable power of attorney which is effective ONLY upon the principal's disability, incompetency or incapacity. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services.
Corpus Christi Texas General Durable Power of Attorney for Property and Finances (Financial Effective upon Disability) is a legal document that grants someone, known as the attorney-in-fact or agent, the authority to make financial decisions and manage the property and finances of the principal in Corpus Christi, Texas. This power of attorney is specifically designed to remain in effect even if the principal becomes incapacitated or disabled. In Corpus Christi, Texas, there are several types of General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability: 1. Traditional General Durable Power of Attorney: This type of power of attorney grants the agent the authority to manage the principal's financial matters and property, including buying/selling assets, managing investments, paying bills, and handling tax matters. It goes into effect immediately and remains valid even if the principal becomes incapacitated or disabled. 2. Springing General Durable Power of Attorney: A springing power of attorney becomes effective only when a specific event, such as disability or incapacitation, occurs. It requires documentation from a qualified medical professional stating that the principal is indeed incapacitated or disabled before the agent can exercise their authority. 3. Limited General Durable Power of Attorney: This type of power of attorney restricts the agent's authority to specific financial matters or properties. The principal can outline the limitations and provide instructions on how the agent should handle those matters. 4. Specific General Durable Power of Attorney: A specific power of attorney grants the agent authority over a particular financial matter or property for a specific period. It could be used for managing a single real estate transaction, tending to a specific investment, or handling a particular financial account. When creating a Corpus Christi Texas General Durable Power of Attorney for Property and Finances or Financial Effective upon Disability, it is crucial to include relevant keywords such as "Corpus Christi," "Texas," "General Durable Power of Attorney," "Property and Finances," "Financial Effective upon Disability," "attorney-in-fact," "agent," "incapacitated," "disabled," and any specific type of power of attorney mentioned above. These keywords ensure the document accurately reflects the legal implications and jurisdiction associated with Corpus Christi, Texas.
