Delaware Power of Attorney
I. Identification of Parties
This Power of Attorney is made on [DATE], by [YOUR NAME], residing at [YOUR COMPANY ADDRESS], referred to herein as the "Principal," and appoints [AGENT'S NAME], residing at [insert address], as the "Agent."
II. Grant of Authority
The Principal hereby grants the Agent full authority and power to act on behalf of the Principal in all matters concerning the management of financial, property, healthcare, and personal affairs, as permitted by the laws of the State of Delaware. This authority includes, but is not limited to, the following:
Financial Management: The Agent shall have the authority to manage and make decisions regarding all financial matters of the Principal, including but not limited to banking, investments, taxes, and transactions involving the Principal's assets and income.
Property Management: The Agent shall have the authority to manage, lease, sell, mortgage, or otherwise deal with any real or personal property owned by the Principal, including the power to execute contracts and other legal documents related to such transactions.
Healthcare Decision Making: The Agent shall have the authority to make healthcare decisions on behalf of the Principal, including decisions regarding medical treatment, surgery, hospitalization, and other healthcare services, following the Principal's wishes and best interests.
Personal Affairs: The Agent shall have the authority to handle all personal affairs of the Principal, including but not limited to managing household expenses, maintaining insurance coverage, and representing the Principal in legal matters.
Legal Representation: The Agent shall have the authority to engage legal counsel and represent the Principal in legal proceedings, including the power to sign legal documents, settle disputes, and make decisions regarding litigation.
III. Agent's Responsibilities:
In exercising the powers granted herein, the Agent shall:
Act in the best interests of the Principal at all times.
Maintain accurate records of all transactions and communications conducted on behalf of the Principal.
Avoid any conflicts of interest and refrain from self-dealing.
Consult with the Principal regarding major decisions whenever feasible, or otherwise act by the known wishes and preferences of the Principal.
Provide regular updates to the Principal or other designated individuals regarding the status of affairs and decisions made on behalf of the Principal.
IV. Miscellaneous Provisions
This Power of Attorney shall be construed broadly to give effect to the intentions of the Principal as expressed herein.
The Agent's authority shall commence immediately upon the execution of this document and shall remain in full force and effect until revoked by the Principal or terminated by operation of law.
The Agent shall not be liable for any losses incurred in good faith while acting within the scope of authority granted herein.
V. Effective Date and Duration
This Power of Attorney shall be effective upon execution by the Principal and shall remain in effect until revoked by the Principal or upon the death or incapacity of the Principal.
VI. Revocation Clause
The Principal reserves the right to revoke this Power of Attorney at any time by providing written notice to the Agent and any relevant third parties. Such revocation shall be effective upon receipt by the Agent.
Witness Acknowledgement
Witnessed by:
Witness 1:
[WITNESS 1'S NAME]
[DATE]
Witness 2:
[WITNESS 2'S NAME]
[DATE]
Notary Acknowledgement
State of Delaware
On this [DATE], before me, a Notary Public in and for said County and State, personally appeared [YOUR NAME], known to me (or satisfactorily proven) 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: [EXPIRATION DATE OF COMMISSION]
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