Texas Statutory Durable Power Of Attorney Statute

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Texas statutory durable power of attorney statute.

The statute explicitly provides that an agent may only make gifts if they are consistent with the principal s objectives if those are known or consistent with the principal s best interests. A new statutory medical power of attorney form goes into effect on january 1 2018. A the following form is known as a statutory durable power of attorney a person may use a statutory durable power of attorney to grant an attorney in fact or agent powers with respect to a person s property and financial matters. Statutory durable power of attorney.

The powers granted by this document are broad and sweeping. It is a financial durable power of attorney this means that it only allows the agent to handle financial matters. Texas durable statutory power of attorney form can be used to designate another person usually called an agent s or an attorney s in fact to represent your monetary interests and act on your behalf. They are explained in the durable power of.

In texas there are several kinds of powers of attorney that will grant the agent the right to accomplish different things on the principal s behalf. Statutory durable power of attorney. The decisions they make would be binding as if you had made the decisions yourself. Find a testing site.

Statutory durable power of attorney. A a person may use a statutory durable power of attorney to grant an attorney in fact or agent powers with respect to a person s property and financial matters. A before accepting a durable power of attorney under section 751 201 the person to whom the power of attorney is presented may request from the agent presenting the power of attorney an opinion of counsel regarding any matter of law concerning the power of attorney so long as the person provides to the agent the reason for the request in a. Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code.

Use meaning and effect of statutory durable power of attorney. A power of attorney is a written document that authorizes someone referred to as the agent to make decisions or take actions on someone else s known as the principal behalf. Next up is the medical power of attorney statute. With this much responsibility and authority over your financial affairs it is vital that you carefully.