Virginia Power of Attorney
Virginia Power of Attorney
I. THE PARTIES
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[Your Name] currently residing at [Your Address], herein referred to as the 'Principal.'
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[Agent's Name] currently residing at [Agent's Address], herein referred to as the 'Agent.'
II. DESIGNATION OF AGENT
I, [Your Name], appoint [Agent's Name] as my agent (attorney-in-fact) to act for me in any lawful way with respect to all of the following powers.
III. POWERS
I, [Your Name], do hereby appoint [Agent's Name] as my attorney-in-fact to:
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Manage and conduct all of my affairs.
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Make decisions related to my healthcare, including medical treatments and procedures.
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Manage my finances, including banking, investments, and property transactions.
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Enter into contracts on my behalf.
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Handle legal matters and litigation.
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Access and manage my digital assets.
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Make gifts on my behalf.
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Manage my retirement accounts.
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Manage my insurance policies.
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Handle tax matters and filings.
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Perform any other actions necessary to manage my affairs as my attorney-in-fact.
IV. TERM
This Power of Attorney will start on [Date of Effectivity]. It will not end unless I, [Your Name], write to cancel it or until I die.
V. PREFERENCES
Specific preferences or limits are as follows:
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My Agent shall not sell or transfer my real estate property located at [Property Address].
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My Agent shall consult with [Name of Trusted Advisor] before making any major financial decisions exceeding [$X] amount.
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My Agent shall prioritize my healthcare preferences as outlined in my Advance Directive.
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My Agent shall provide regular updates to my family members [Family Members' Names] regarding my health and well-being.
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My Agent shall not make any gifts of my property exceeding [$X] amount without my prior approval.
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My Agent shall manage my investments prudently, seeking advice from a financial advisor if necessary.
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My Agent shall not use my funds for their personal benefit or gain.
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My Agent shall have access to my medical records and be authorized to make healthcare decisions on my behalf.
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My Agent shall act in my best interests at all times and consider my wishes and preferences when making decisions.
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My Agent shall comply with all applicable laws and regulations when acting on my behalf.
VI. GOVERNING LAW
This Power of Attorney will be governed by the laws of the state of [City, State].
VII. THE PRINCIPAL
I, [Your Name], affirm that the information stated within this document is true and correct to the best of my knowledge as the Principal.
[Your Name]
Date: [Date]
[Agent's Name]
Date: [Date]
NOTARY ACKNOWLEDGEMENT
State of VIRGINIA
This instrument was acknowledged before me this [Date] by [Your Name].
Notary Public, [Notary's Name]
My Commission Expires on: [Date of Expiration]
