Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
An agency can be created for the purpose of doing almost any act the principal could do. However, there are some acts that must be done in person and cannot be done by an agent. Examples would be: testifying in court for another individual, making a will, and voting.
A general agent is authorized by the principal to transact all the affairs of a particular kind of business. For example, a person appointed as manager of a store is a general agent.
A special agent is authorized by the principal to handle a particular business transaction or perform a specific act. For example, a specific power of attorney appointing an agent (attorney-in-fact) to sell a particular piece of real estate or a certain car would be the appointment of a special agent.
A universal agent is authorized by the principal to do any act that can be delegated to a representative. An example would be giving a person a general power of attorney. This form is such a general power of attorney.
Bexar Texas General Power of Attorney is a legal document that grants an individual, known as the "principal," the ability to authorize another person, referred to as the "agent" or "attorney-in-fact," to make important decisions and act on their behalf. This legal arrangement allows the agent to handle various financial, legal, and personal matters on behalf of the principal. In Bexar County, Texas, there are two common types of General Power of Attorney: 1. Durable Power of Attorney: A durable power of attorney remains valid even if the principal becomes incapacitated or mentally incompetent. This means that the agent's authority to act on the principal's behalf still holds even in situations where the principal is unable to make decisions independently. 2. Springing Power of Attorney: Unlike a durable power of attorney, a springing power of attorney only becomes effective once a specific event occurs, typically the incapacity or disability of the principal. This means that until the triggering event takes place, the agent doesn't possess any powers or authority. The Bexar Texas General Power of Attorney document outlines the scope of authority granted to the agent, specifying the types of decisions they can make on behalf of the principal. These may include managing finances, handling real estate matters, paying bills, filing taxes, initiating legal proceedings, and making healthcare decisions. It is crucial for individuals creating a Bexar Texas General Power of Attorney to carefully choose a trustworthy and responsible agent, as they must act in the best interest of the principal, following their instructions and wishes. Principal should also consider consulting with an attorney to ensure the document complies with Texas state laws and covers all necessary aspects. In conclusion, the Bexar Texas General Power of Attorney is a powerful legal tool that allows individuals to designate someone they trust to handle important matters on their behalf in Bexar County, Texas. The durable and springing power of attorney are the two common types available, each with its own unique attributes and requirements.Bexar Texas General Power of Attorney is a legal document that grants an individual, known as the "principal," the ability to authorize another person, referred to as the "agent" or "attorney-in-fact," to make important decisions and act on their behalf. This legal arrangement allows the agent to handle various financial, legal, and personal matters on behalf of the principal. In Bexar County, Texas, there are two common types of General Power of Attorney: 1. Durable Power of Attorney: A durable power of attorney remains valid even if the principal becomes incapacitated or mentally incompetent. This means that the agent's authority to act on the principal's behalf still holds even in situations where the principal is unable to make decisions independently. 2. Springing Power of Attorney: Unlike a durable power of attorney, a springing power of attorney only becomes effective once a specific event occurs, typically the incapacity or disability of the principal. This means that until the triggering event takes place, the agent doesn't possess any powers or authority. The Bexar Texas General Power of Attorney document outlines the scope of authority granted to the agent, specifying the types of decisions they can make on behalf of the principal. These may include managing finances, handling real estate matters, paying bills, filing taxes, initiating legal proceedings, and making healthcare decisions. It is crucial for individuals creating a Bexar Texas General Power of Attorney to carefully choose a trustworthy and responsible agent, as they must act in the best interest of the principal, following their instructions and wishes. Principal should also consider consulting with an attorney to ensure the document complies with Texas state laws and covers all necessary aspects. In conclusion, the Bexar Texas General Power of Attorney is a powerful legal tool that allows individuals to designate someone they trust to handle important matters on their behalf in Bexar County, Texas. The durable and springing power of attorney are the two common types available, each with its own unique attributes and requirements.
