Idaho Limited Power of Attorney
Idaho Limited Power of Attorney
I. Introduction
I, [Your Name], residing at [Your Company Address], hereby appoint [Agent's Full Name], residing at [Agent's Address], as my attorney-in-fact (hereinafter referred to as "Agent"), to act on my behalf and to perform the following limited powers and duties concerning financial transactions within the State of Idaho, subject to the terms and conditions stated herein:
II. Scope of Authority
I grant my Agent the limited power and authority to undertake and perform the following financial transactions on my behalf:
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Access and manage my bank accounts held at [Name(s) of Financial Institution(s)] within the State of Idaho.
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Make deposits and withdrawals from my bank accounts.
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Execute checks, drafts, and other negotiable instruments for financial transactions.
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Transfer funds between my accounts as necessary to meet financial obligations or investment needs.
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Engage in transactions related to stocks, bonds, mutual funds, and other investments held in my name.
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Access and manage my safe deposit box(es) located at [Name(s) of Bank/Branch] within the State of Idaho.
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Obtain information regarding my financial accounts and transactions, including but not limited to balances, statements, and investment performance.
III. Limitations:
The authority granted to my Agent herein is limited to the specific financial transactions and activities described above. My Agent is not authorized to:
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Make gifts of my property or assets.
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Create or amend trusts on my behalf.
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Engage in transactions involving real estate, unless explicitly authorized in a separate document.
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Make decisions regarding healthcare or medical treatment.
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Access or manage any accounts or assets held jointly with another person unless specifically designated in this document.
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Take any actions not expressly authorized herein.
IV. Duration
This Limited Power of Attorney shall become effective immediately upon execution and shall remain in full force and effect until [Date] unless sooner revoked by me in writing.
V. Reliance on Attorney's Authority
Any third party who receives a duly executed copy of this Limited Power of Attorney may rely upon the authority granted herein and is not required to verify or inquire into the validity or scope of such authority.
VI. Revocation
I reserve the right to revoke this Limited Power of Attorney at any time, provided that such revocation is communicated to my Agent and any relevant financial institutions in writing.
VII. Governing Law
This Limited Power of Attorney shall be governed by and construed by the laws of the State of Idaho.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this [Date] day of [Month, Year].
Agreed and signed by [YOUR NAME], the Principal.
Date:
[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 of Idaho, 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:
