This form is provided in the Texas Probate Code. It gives your attorney in fact (your agent) broad powers to make decisions regarding property, financial, business, insurance and other matters that remain in effect even if you are incapacitated.
Travis Texas Statutory General Power of Attorney with Durable Provisions is a legal document that grants someone, known as an agent or attorney-in-fact, the authority to make financial and legal decisions on behalf of another person, referred to as the principal. This type of power of attorney is governed by the Texas Estates Code, specifically Chapter 752. A Travis Texas Statutory General Power of Attorney with Durable Provisions is considered "durable" as it remains valid even if the principal becomes incapacitated or mentally incompetent. This ensures that the agent's authority to act on behalf of the principal continues uninterrupted. Some different types or variations of a Travis Texas Statutory General Power of Attorney with Durable Provisions include: 1. Limited Power of Attorney: This grants the agent specific and limited authority to carry out certain tasks or make decisions on the principal's behalf. The powers bestowed upon the agent can be defined and restricted to suit the principal's needs. 2. Medical Power of Attorney: Sometimes referred to as a healthcare proxy or healthcare power of attorney, this type allows the agent to make medical decisions for the principal if they are unable to do so themselves. This power of attorney is specific to healthcare-related matters. 3. Financial Power of Attorney: This type grants the agent authority to handle the principal's financial and legal matters. The agent may have the power to manage bank accounts, pay bills, buy or sell property, and engage in financial transactions on the principal's behalf. 4. Springing Power of Attorney: In a springing power of attorney, the agent's authority only comes into effect when a specific event or condition occurs. For example, it may specify that the agent can act on behalf of the principal only if a doctor certifies the principal's mental incapacity. A Travis Texas Statutory General Power of Attorney with Durable Provisions requires the principal to have the mental capacity to understand the implications of granting such authority and to willingly sign the document in the presence of a notary public or two witnesses. It is advisable to consult an attorney experienced in estate planning and power of attorney documents to ensure compliance with all relevant laws and to customize the document according to individual needs and preferences.Travis Texas Statutory General Power of Attorney with Durable Provisions is a legal document that grants someone, known as an agent or attorney-in-fact, the authority to make financial and legal decisions on behalf of another person, referred to as the principal. This type of power of attorney is governed by the Texas Estates Code, specifically Chapter 752. A Travis Texas Statutory General Power of Attorney with Durable Provisions is considered "durable" as it remains valid even if the principal becomes incapacitated or mentally incompetent. This ensures that the agent's authority to act on behalf of the principal continues uninterrupted. Some different types or variations of a Travis Texas Statutory General Power of Attorney with Durable Provisions include: 1. Limited Power of Attorney: This grants the agent specific and limited authority to carry out certain tasks or make decisions on the principal's behalf. The powers bestowed upon the agent can be defined and restricted to suit the principal's needs. 2. Medical Power of Attorney: Sometimes referred to as a healthcare proxy or healthcare power of attorney, this type allows the agent to make medical decisions for the principal if they are unable to do so themselves. This power of attorney is specific to healthcare-related matters. 3. Financial Power of Attorney: This type grants the agent authority to handle the principal's financial and legal matters. The agent may have the power to manage bank accounts, pay bills, buy or sell property, and engage in financial transactions on the principal's behalf. 4. Springing Power of Attorney: In a springing power of attorney, the agent's authority only comes into effect when a specific event or condition occurs. For example, it may specify that the agent can act on behalf of the principal only if a doctor certifies the principal's mental incapacity. A Travis Texas Statutory General Power of Attorney with Durable Provisions requires the principal to have the mental capacity to understand the implications of granting such authority and to willingly sign the document in the presence of a notary public or two witnesses. It is advisable to consult an attorney experienced in estate planning and power of attorney documents to ensure compliance with all relevant laws and to customize the document according to individual needs and preferences.
