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.
Travis Texas General Power of Attorney is a legal document that grants someone, known as the agent or attorney-in-fact, the authority to make financial and legal decisions on behalf of another person, known as the principal, in Travis County, Texas. This power of attorney is broad in nature and enables the agent to act in various matters, including managing bank accounts, handling real estate transactions, paying bills, filing taxes, and making legal decisions on behalf of the principal. The Travis Texas General Power of Attorney can be customized according to the specific needs and preferences of the principal. It can be tailored to grant the agent full or limited authority, depending on the principal's requirements. Full authority allows the agent to act on any financial or legal matter on behalf of the principal, while limited authority restricts the agent's powers to certain specified areas. In addition to the general power of attorney, there are other specialized types available in Travis County, Texas. These variations include: 1. Durable Power of Attorney: This type remains effective even if the principal becomes incapacitated. It ensures that the agent's authority continues even in the event of the principal's mental or physical decline. 2. Springing Power of Attorney: Unlike the general power of attorney, this type only comes into effect when a specific event or condition mentioned in the document occurs. For example, it may be triggered when the principal becomes incapacitated or when a certain date is reached. 3. Medical Power of Attorney: This type specifically grants the agent the authority to make healthcare and medical decisions on behalf of the principal. It enables the agent to communicate with healthcare providers, access medical records, and make choices concerning treatment and end-of-life decisions. It is crucial to consult with an experienced attorney when creating a Travis Texas General Power of Attorney or any other type to ensure compliance with state laws and to make sure that it accurately reflects the principal's intentions. The attorney will guide the principal through the process, explain the legal implications, and draft the document according to the specific requirements.Travis Texas General Power of Attorney is a legal document that grants someone, known as the agent or attorney-in-fact, the authority to make financial and legal decisions on behalf of another person, known as the principal, in Travis County, Texas. This power of attorney is broad in nature and enables the agent to act in various matters, including managing bank accounts, handling real estate transactions, paying bills, filing taxes, and making legal decisions on behalf of the principal. The Travis Texas General Power of Attorney can be customized according to the specific needs and preferences of the principal. It can be tailored to grant the agent full or limited authority, depending on the principal's requirements. Full authority allows the agent to act on any financial or legal matter on behalf of the principal, while limited authority restricts the agent's powers to certain specified areas. In addition to the general power of attorney, there are other specialized types available in Travis County, Texas. These variations include: 1. Durable Power of Attorney: This type remains effective even if the principal becomes incapacitated. It ensures that the agent's authority continues even in the event of the principal's mental or physical decline. 2. Springing Power of Attorney: Unlike the general power of attorney, this type only comes into effect when a specific event or condition mentioned in the document occurs. For example, it may be triggered when the principal becomes incapacitated or when a certain date is reached. 3. Medical Power of Attorney: This type specifically grants the agent the authority to make healthcare and medical decisions on behalf of the principal. It enables the agent to communicate with healthcare providers, access medical records, and make choices concerning treatment and end-of-life decisions. It is crucial to consult with an experienced attorney when creating a Travis Texas General Power of Attorney or any other type to ensure compliance with state laws and to make sure that it accurately reflects the principal's intentions. The attorney will guide the principal through the process, explain the legal implications, and draft the document according to the specific requirements.
