SAMPLE POWER OF ATTORNEY
Appointment and Authority of Agent
I, [YOUR NAME], residing at [YOUR COMPANY ADDRESS], designate and appoint my trusted friend, [AGENT NAME], residing at [AGENT ADDRESS], as my Agent (herein referred to as my "Agent") to exercise the powers and discretions concerning my property and financial interests as detailed hereunder.
Duties of the Agent
My Agent shall have the authority, right, and power to manage and conduct all affairs to my benefit and is empowered to perform the following duties:
Real Estate Transactions: Engage in all real estate transactions, including but not limited to, the sale, lease, purchase, mortgage, or other disposal of any property.
Property Management: Manage, lease, rent, or otherwise deal with any real estate properties owned by me, including collecting rents, making repairs, and paying expenses related to the properties.
Financial Management: Manage my financial affairs, including but not limited to, opening and closing bank accounts, depositing and withdrawing funds, investing in stocks, bonds, or other securities, and managing retirement accounts.
Legal Representation: Represent me in legal matters related to my property and financial interests, including initiating or defending lawsuits, negotiating settlements, and signing legal documents on my behalf.
Tax Matters: Handle all tax-related matters on my behalf, including filing tax returns, responding to inquiries from tax authorities, and representing me in tax audits or disputes.
Insurance: Obtain, maintain, and cancel insurance policies on my behalf, including property insurance, liability insurance, and health insurance.
Business Affairs: Manage any business interests I may have, including operating businesses, entering into contracts, and making decisions regarding the management or disposition of business assets.
Government Benefits: Apply for, receive, and manage government benefits or entitlements to which I may be entitled, including Social Security benefits, Medicare, Medicaid, or other government assistance programs.
Remedies and Limitations
My Agent is obliged to act in my best interest with absolute faith and honesty. If my Agent violates this agreement, I have the right to revoke this Power of Attorney immediately, and legal actions can be sought. This Power of Attorney does not give my Agent the authority to make decisions regarding my health or personal matters.
Acknowledgement of Principal
This Power of Attorney shall be effective immediately upon my signature and shall remain valid until my explicit and written revocation.
[YOUR NAME]
[DATE]
Acceptance of Agent
I, [AGENT NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act in accordance with the instructions and limitations provided herein.
[AGENT'S NAME]
[DATE]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, hereby acknowledge that the above-named Principal has signed this Power of Attorney in our presence on the date stated above.
Witness 1:
[Witness 1 full name]
[Date]
Witness 2:
[Witness 2 full name]
[Date]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public's Name]
My Commission Expires:
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