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Durable Power of Attorney to Execute Oil and Gas Lease

Broward Florida Durable Power of Attorney to Execute Oil and Gas Lease

Name: Broward Florida Durable Power of Attorney to Execute Oil and Gas Lease
Brand: US Legal Forms
Rating: 4.73 (247 reviews)

Category:

Oil Gas and Minerals - Agent Designations

State:

Multi-State

County:

Broward

Control #:

US-OG-019

Format:

Instant download

Description

This power of attorney grants an agent the authority to execute oil and gas leases on behalf of a mineral owner. The power of attorney is durable and will not terminate on the disability or incapacity of the person granting the power of attorney.

How to fill out Broward Florida Durable Power Of Attorney To Execute Oil And Gas Lease?

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FAQ

A Power of Attorney, like a Trust, does not need to be registered or recorded in the public records in order to be effective. It does have to be in writing, signed, witnessed and notarized.

It Can be Empowering A durable power of attorney allows you to decide in advance who will make decisions on your behalf without removing any of your rights or transferring ownership of assets. You also get to decide how much control the agent has over your care and your assets.

A Durable Power of Attorney for Health Care is a document that lets you name someone else to make decisions about your health care in case you are not able to make those decisions yourself. It gives that person (called your agent) instructions about the kinds of medical treatment you want.

A durable power of attorney can, in addition to handling all financial decisions, authorize medical care. That includes consent to proceed with or terminate all medical and surgical procedures on your behalf, including an agreement that falls under the Life-Prolonging Procedures Act of Florida.

Execution Requirements In order to be effective, a Florida power of attorney must be signed by the principal and by two witnesses, and be notarized. In the event the principal is physically unable to sign, the notary public may sign the principal's name on the document.

The right to take legal action on the Principal's behalf, and must sign all necessary legal documents. Receiving income on behalf of the Principal. Decision-making authority in matters of personal, business, or investment affairs.

Florida law gives the option to create a durable power of attorney, which remains effective even if the principal becomes incapacitatedreducing the potential need for a court-appointed guardian.

A power of attorney must be signed by the principal, by two witnesses to the principal's signature, and a notary must acknowledge the principal's signature for the power of attorney to be properly executed and valid under Florida law.

You can write a POA in two forms: general or limited. A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.

Disadvantages Your loved one's competence at the time of writing the power of attorney might be questioned later. Some financial institutions require that the document be written on special forms. Some institutions may refuse to recognize a document after six months to one year.

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Power of Attorney and Guardianship . If the cubic capacity of the.

Broward Florida Durable Power of Attorney to Execute Oil and Gas Lease

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Does a power of attorney need to be recorded in Florida?

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What does a durable power of attorney allow you to do in Florida?

Do power of attorneys need to be notarized in Florida?

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