Uniform Statutory Power of Attorney
Uniform Statutory Power of Attorney
I. Introduction
I, [Your Name], living at [Your Company Address], do hereby set up this Power of Attorney to authorize the following individual to handle my finances and assets: Agent's Name: [Agent's Name] Agent's Address: [Agent's Address].
This Power of Attorney grants my Agent full power and authority to act on my behalf in the specified matters outlined herein. By granting this authority, I empower my Agent to undertake the responsibilities and duties described below, with the understanding that they will act in my best interests and according to my wishes.
II. Management of Financial Affairs
My Agent shall have full power and authority to manage all of my financial affairs and assets, including but not limited to, banking, investments, real estate, and personal property. This includes the authority to:
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Deposit, withdraw, or transfer funds from any bank, financial institution, or brokerage account held in my name.
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Buy, sell, or otherwise manage any real estate or personal property owned by me.
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Enter into contracts, agreements, or transactions on my behalf, including those related to financial investments.
III. Payment of Bills and Expenses
My Agent shall have the authority to pay all of my bills and expenses, including but not limited to, utilities, taxes, insurance premiums, and medical expenses. This includes the authority to:
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Write checks or authorize electronic payments from my bank accounts to cover necessary expenses.
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Make decisions regarding the payment of debts or obligations owed by me.
IV. Access to Records
My Agent shall have the authority to access, inspect, and obtain copies of any records or documents relating to my finances, including but not limited to, bank statements, tax returns, and investment statements.
V. Representation in Legal Matters
My Agent shall have the authority to represent me in any legal or administrative proceedings related to my financial affairs. This includes the authority to:
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Hire and communicate with legal counsel on my behalf.
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Settle or compromise any claims or disputes in which I am involved.
VI. Appointment of Attorney
My Agent shall have the authority to appoint an attorney or attorneys-in-fact to act on their behalf in the performance of any or all of the powers and duties granted to my Agent herein.
VII. Duration of Power of Attorney
This Power of Attorney shall become effective immediately upon my signature and shall remain in effect indefinitely unless revoked by me in writing.
I hereby acknowledge that I have read and understood the contents of this Power of Attorney and have executed the same voluntarily and with full understanding of its effect.
Agreed and signed by [YOUR NAME], the Principal.
Date:
[AGENT'S NAME]
Date:
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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]
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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:
